BCE Full Year 2024 Earnings: EPS Misses Expectations
BCE's full-year 2024 earnings per share (EPS) missed analyst estimates by a significant margin, with the actual figure coming in at CA$0.18 compared to expectations of CA$2.28. The company's net income plummeted 92% from the previous year, resulting in a profit margin of just 0.7%. Revenue was in line with analyst estimates but still down 1.1% from the prior year.
- This disappointing earnings report may signal a shift in BCE's competitive strategy, as investors increasingly prioritize growth over dividend yield.
- Will BCE be able to recover its lost ground by refocusing on organic growth initiatives and improving operational efficiencies in the Canadian telecom market?