BCE (BCE) Stock

BCE's Q3 2024 performance is affected by a 14.3% drop in product revenues amid steady growth in the Bell Media unit.

BCE (BCE) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.60 per share a year ago.

BCE Inc. (NYSE:BCE ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Thane Fotopoulos - Investor Relations Mirko Bibic - President and CEO Curtis Millen - Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Vince Valentini - TD Securities Drew McReynolds - RBC Capital Markets Maher Yaghi - Scotia Bank Simon Flannery - Morgan Stanley Aravinda Galappatthige - Canaccord Genuity Jerome Dubreuil - Desjardins Securities Batya Levi - UBS Lauren Bonham - Barclays Operator Good morning, ladies and gentlemen. Welcome to the BCE Q3 2024 Results Conference Call.

BCE offers an attractive dividend yield nearing 10%, but its sustainability is questionable due to high debt. BCE's balance sheet is heavily leveraged due to 5G network investments and funding its dividend, raising concerns about future financial stability. Its recently announced deal to buy Ziply could be a long-term positive, but at the expense of near-term free cash flow.

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this release.

BCE (BCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BCE has underperformed, down 14% this past year and nearly 35% in the last three, despite high dividend yields of 8.84%. Regulatory pressures and increased debt levels have raised concerns about dividend cuts, but payments have remained stable. Recent macroeconomic changes and strategic pivots suggest BCE is undervalued and can sustain dividends into 2025.

These stocks have yields between 5.9% and 8.5%.

MONTRÉAL, Oct. 3, 2024 /PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) will hold its third-quarter 2024 results conference call with the financial community on Thursday, November 7, 2024 at 8:00 am eastern. Participants will include Mirko Bibic, President and Chief Executive Officer, and Curtis Millen, Chief Financial Officer.