BCE (NYSE:BCE) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
BCE beat estimated earnings by 10.53%, reporting an EPS of $0.63 versus an estimate of $0.57.
Revenue was down $139.00 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 0.07% drop in the share price the next day.
Here’s a look at BCE’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.54 | 0.62 | 0.65 | 0.62 |
| EPS Actual | 0.53 | 0.67 | 0.68 | 0.70 |
| Revenue Estimate | 4.78B | 4.36B | 4.58B | 4.54B |
| Revenue Actual | 4.79B | 4.62B | 5.86B | 4.62B |
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 FY 2023, expecting earnings between $2.31 and $2.4 per share.
To track all earnings releases for BCE visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
