BCE (NYSE:BCE) reported its Q1 earnings results on Thursday, May 5, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
BCE beat estimated earnings by 12.9%, reporting an EPS of $0.7 versus an estimate of $0.62.
Revenue was up $112.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 0.13% increase in the share price the next day.
Here's a look at BCE's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.57 | 0.66 | 0.65 | 0.65 |
| EPS Actual | 0.60 | 0.65 | 0.68 | 0.62 |
| Revenue Estimate | 4.88B | 4.80B | 4.43B | 4.43B |
| Revenue Actual | 4.92B | 4.63B | 4.64B | 4.50B |
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 2022, expecting earnings between $2.568 and $2.694 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.
