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Time to buy, sell, or hold BCE stock?

$BCE Inc (BCE.CA)$ BCE, Canada's biggest telecom giant, is set to release its third-quarter financial report on November 7th, 2024. 📢
Time to buy, sell, or hold BCE stock?
Wall Street's Expectations 📈
Wall Street's predicting BCE's revenues and profits will both dip compared to last year. This consensus forecast is pretty crucial, but short-term stock price movements mainly hinge on how the actual numbers stack up against these expectations. If the report beats expectations, the stock price might soar! 🚀 Conversely, if it falls short, the stock could take a dive. 📉
Stock Price & Future Earnings Outlook 🔮
Beyond the actual figures, whether the stock price keeps climbing and what future earnings look like also depend on how management presents the company's operations during the earnings call. But hey, let's make a guess before the report comes out – how likely is a positive earnings surprise? 🤔
BCE's Forecasted Financials 💰
According to estimates, BCE's earnings per share are expected to be 0.57,a544.5 billion, down 1.8%. Plus, consensus forecasts for this quarter have been revised downwards by 0.94% in the past 30 days. 📉
Analysts' Adjustments as a Hint 🔍
Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company.
While individual analysts' adjustments might not always reflect broader trends, analysts tweaking their forecasts before a report can reveal a lot about the business. 👀
BCE's Past Earnings Surprises 🎯
Remember BCE's earnings surprises over the past few quarters? Last time, it forecast 0.59 persharebutonlyreported 0.57, missing by 3.39%. In the past four quarters, it's only beaten expectations once. 😕
The company's earnings per share (over time) is depicted in the image
The company's earnings per share (over time) is depicted in the image
A Different PerspectiveA Different Perspective
While the broader market gained around 32% in the last year, BCE shareholders lost 3.0% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 0.2%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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