- Rogers Communications reported a total revenue of C$5.22 billion for the second quarter, aligning with the market estimate of C$5.17 billion.
- Wireless revenue reached C$2.54 billion, slightly surpassing the estimate of C$2.49 billion.
- Cable revenue was reported at C$1.97 billion, just above the expected C$1.96 billion.
- Media revenue came in at C$808 million, higher than the estimated C$781.4 million.
- The company’s Adjusted EBITDA was C$2.36 billion, meeting the analysts’ estimate of C$2.35 billion.
- The wireless postpaid net change was an increase of 35,000, which fell short of the expected increase of 42,214.
- Wireless postpaid monthly churn rate was 1%, better than the anticipated 1.02%.
- The wireless prepaid net subscribers increased by 26,000, slightly under the expected 28,521.
- Wireless prepaid monthly churn was 3.23%, marginally higher than the estimate of 3.19%.
- Capital expenditures amounted to C$831 million, which was under the forecasted C$867.6 million.
- Monthly average revenue per account stood at C$135.74, less than the anticipated C$138.66.
- Mobile average revenue per user was C$55.45, which did not meet the estimated C$56.31.
- Free cash flow significantly exceeded expectations, reaching C$925 million against the estimate of C$787.6 million.
- The company currently has 13 “buy” ratings, 3 “hold” ratings, and 2 “sell” ratings.
A look at Rogers Communications Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores for Rogers Communications, the company seems to have a positive long-term outlook. With a strong dividend score of 4 and solid momentum score of 4, Rogers Communications is showing stability and growth potential. The company’s value, growth, and resilience scores are all moderate at 3, indicating a balanced overall performance in these areas.
Rogers Communications, Inc. is a diversified Canadian communications and media company that offers a range of services including wireless communications, cable TV, internet access, and broadcasting. The company’s diverse portfolio positions it well in the market, supported by its solid dividend and momentum scores, suggesting a promising future ahead.
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
