Rogers Communications Inc. RCIis set to release first-quarter 2018 results on Apr 19.
The company beat the Zacks Consensus Estimate in the trailing four quarters, with an average positive surprise of 4.97%. In fourth-quarter 2017, earnings of 69 cents per share outpaced the Zacks Consensus Estimate by a penny.
Although revenues of $2.86 billion lagged the consensus mark, the figure increased 3% year over year driven by solid result from the Wireless segment.
Blended ARPU (average revenue per user) in the Wireless segment was $49.94, higher than $47.79 reported in the year-ago quarter.
Reported under the Cable segment, Internet revenues increased 9% year over year to $325 million. Rogers Communications added 17K high-speed Internet customers and 9K telephony customers in the quarter.
Let’s see how things are shaping up prior to this announcement.
Intensifying Competition Hurts
Rogers Communications’ shares have lost 6.8% compared with the industry’s decline of 17% since the announcement of fourth-quarter 2017 results on Jan 25.