- Cogeco reported revenue of C$753.2 million for the second quarter, which is a slight increase of 0.2% from the previous year.
- Earnings per share (EPS) declined to C$1.88 from C$2.30 year-over-year.
- The company’s adjusted EBITDA grew by 2.6% to C$356.9 million, surpassing the estimate of C$340.5 million.
- Free cash flow increased by 14% year-over-year to C$112.8 million.
- Cogeco has upheld its fiscal 2025 financial guidelines set in October 2024.
- Despite ongoing challenges in the radio advertising market, digital advertising at Cogeco Media continues to contribute to revenue growth, with strong listener engagement, especially in Montréal.
- Internet subscriber growth in Canada is robust, supported by both the Cogeco and oxio brands.
- Analyst recommendations include 1 buy and 1 hold, with no sell ratings.
A look at Cogeco Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts predict a promising long-term outlook for Cogeco Inc, a diversified communications company with a strong foothold in the Canadian market. According to Smartkarma Smart Scores, the company excels in value and dividends, scoring high in these areas. With a solid value score of 5, Cogeco Inc is seen as a financially sound investment. Additionally, its robust dividend score of 4 indicates a consistent and attractive payout for investors. While growth and resilience scores are moderate at 3 and 2 respectively, the company shines in momentum, scoring a solid 4. This suggests an upward trend in the company’s performance and market sentiment.
Cogeco Inc, primarily known for its cable television services across Canada, also operates television and radio stations in Quebec, Canada. With a diversified portfolio and a strong presence in the communication industry, the company is well-positioned for long-term success. Investors looking for a combination of value, dividends, and momentum may find Cogeco Inc an appealing choice based on the Smartkarma Smart Scores evaluation. While there are areas for improvement, such as resilience, overall, the company’s outlook appears positive, indicating a potentially rewarding investment opportunity in the communications sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
