- Telus reported an adjusted basic EPS of C$0.26, matching the previous year and surpassing the estimate of C$0.22.
- Operating revenues and other income rose to C$5.06 billion, a 2.5% increase year-over-year, exceeding the estimate of C$4.99 billion.
- Net mobile phone additions were 20,000, reflecting a 56% decrease year-over-year, slightly below the estimate of 21,188.
- Mobile churn improved to 1.06% from 1.13% the previous year.
- Adjusted EBITDA was reported at C$1.84 billion, a decrease of 0.8% from last year, but higher than the estimate of C$1.82 billion.
- Adjusted net income was nearly stable at C$388 million, a slight decline of 0.5% year-over-year, yet above the estimate of C$331.4 million.
- Capital expenditure amounted to C$587 million, a significant 19% reduction year-over-year, under the forecasted C$627 million.
- Free cash flow increased by 23% year-over-year, reaching C$488 million.
- Total mobile and fixed customer growth achieved was 218,000, with mobile and connected device additions of 168,000 and fixed customer additions of 50,000.
- TELUS Health saw revenue and Adjusted EBITDA growth of 12% and 30%, respectively, with a 7% increase in covered global lives to 76.5 million.
- TELUS Agriculture & Consumer Goods posted a substantial 20% revenue growth, contributing to better profitability and margins.
- A strong EBITDA growth outlook, combined with reduced capital expenditure, supports dividend growth and greater free cash flow.
- Analyst consensus includes 7 buy ratings, 10 hold ratings, and 1 sell rating.
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A look at TELUS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| 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
TELUS Corporation, a telecommunications giant in Canada, is positioned positively for long-term growth and stability based on Smartkarma Smart Scores analysis. The company excels in providing consistent dividend returns, scoring a solid 5 in Dividend rating. Furthermore, with above-average Momentum at 4, TELUS displays promising potential for future growth and market performance. Despite average scores in Value, Growth, and Resilience categories, TELUS’s overall outlook remains optimistic, underpinned by its strong dividend track record and growth momentum.
TELUS Corporation, a leading provider of communication services in Canada, shows a balanced performance across various factors according to Smartkarma Smart Scores. With strengths in Dividend and Momentum, the company signals resilience and growth potential in the long run. While TELUS scores average in Value, Growth, and Resilience, its solid position in Dividend and Momentum suggests a favorable trajectory. As a key player in the telecommunications sector, TELUS continues to cater to the diverse communications needs of both businesses and consumers in Canada, shaping a positive outlook for its future performance.
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.
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