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On Wednesday, April 21, Rogers Communications (NYSE:RCI) will release its latest earnings report. Decipher the announcement with Benzinga's help.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Rogers Communications earnings will be near $0.6 per share on sales of $2.76 billion, according to analysts. In the same quarter last year, Rogers Communications reported EPS of $0.53 on revenue of $2.55 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 13.21%. Sales would be have grown 8.32% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2021 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.60 | 0.60 | 0.60 | 0.60 |
| EPS Actual | 0.76 | 0.81 | 0.43 | 0.53 |
| Revenue Estimate | 2.76 B | 2.76 B | 2.76 B | 2.76 B |
| Revenue Actual | 2.82 B | 2.75 B | 2.28 B | 2.55 B |
Stock Performance
Shares of Rogers Communications were trading at $49.19 as of April 19. Over the last 52-week period, shares are up 20.03%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Rogers Communications is scheduled to hold the call at 08:00:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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