BCE (NYSE:BCE) reported its Q4 earnings results on Thursday, February 3, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
BCE beat estimated earnings by 5.26%, reporting an EPS of $0.6 versus an estimate of $0.57, which did not surprise analysts.
Revenue was up $244.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01, which was followed by a 1.63% drop in the share price the next day.
Here's a look at BCE's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.66 | 0.65 | 0.65 | 0.65 |
| EPS Actual | 0.65 | 0.68 | 0.62 | 0.62 |
| Revenue Estimate | 4.80B | 4.43B | 4.43B | 4.43B |
| Revenue Actual | 4.63B | 4.64B | 4.50B | 4.68B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
BCE management provided guidance for their next quarter, expecting earnings between $2.581 and $2.707 per share for the next quarter.
This represents a 340.67% in quarter-over-quarter growth for BCE, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
