BCE Stock Recent News
BCE LATEST HEADLINES
BCE's subsidiary BELL and MacLean forge a partnership to revolutionize mining with advanced technology and foster sustainability.
We had previously rated BCE as a buy, and expected it to do better than TELUS and Rogers Communications. The stock has done poorly but the options have offset the bulk of the pain. We examine the Q2-2024 results, the dividend coverage and also look at one of the preferred shares.
There are many stocks that yield more than 5% and can be safe investments to hang on to here. Investors may be discounting some stocks too much due to questions around their growth prospects.
Rose's Income Garden has been active for 2.75 years with 85 stocks and a current yield of 6.3%. RIG has a total return of 12.08% YTD, outperforming SPY by 6.77% since inception on November 22, 2021. Evaluation of 48 common stocks based on EPS yield, P/E, and Chowder# metrics to identify winners for investment.
BCE's second-quarter performance is affected by lower revenues from the Product segment and competitive pricing strategies.
The headline numbers for BCE (BCE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Bell Media's parent company BCE Inc. (TSX:BCE) reported a slight revenue miss for the second quarter. Revenue was down 1% from the year-ago quarter at $6.01 million missing estimates of $6.07 million, which was attributed to an 8.7% decrease in product revenue to $697 million.
Telecommunications stocks have underperformed the overall market over the past year. The iShares U.S. Telecommunications ETF (NYSEARCA: IYZ ), the largest pure telecom ETF, has been flat, while the S&P 500 has rallied by 19% during this period.
BCE (BCE) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.59 per share a year ago.
This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this news release.