Thursday, May 13, 2021

Rogers Communications Inc. [RCI] earnings preview: what to look & expect from their March quarter

Earnings from Rogers Communications Inc. [RCI] are scheduled on April 21, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2018.


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RCI Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.6 per share on revenue of $2.76B. Taking a look at the future, the company is projected to report revenue of $2.93B at an earnings per share of $0.84 for the Jun 2018 quarter. The estimates represent year-over-year improvements of 3.30% in revenue and 12.34% in earnings per share for the company.

RCI Stock Earnings Forecast For The Current Year


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For the full financial year, Rogers Communications Inc. [NYSE:RCI] is forecasted to generate revenue of $11.53B. The figure is about $400.0 million above what the company actually reported for the fiscal year 2017. In terms of EPS, it is estimated to be $3.05 in 2018, which is $0.28 higher than the figure in FY17. Based on current estimates, earnings are expected to grow 10.10% this year, 6.60% next year, and 6.99% annually over the next five years. With regard to sales, forecasts suggest an incline of 3.50% in current fiscal year and 3.30% over following year.

RCI Stock Price Performance

At the close of Tuesday’s session, Rogers Communications Inc. [NYSE:RCI] finished down -0.98% at $48.72. The stock’s highest single-day price was $49.29, and its lowest was $48.45. Its price rose 0.33% in the last five days. Since the beginning of the year, Rogers Communications Inc.’s shares are up nearly 4.57%. However, the share price is -7.80% below its one year high. The top price reached by the shares of the company was $52.84 on 03/16/21, while the 52-week low came on 02/26/21, when the shares were $43.18. In the past year, shares of the company have risen 14.58%. At 50 days, the moving average achieved is $46.86 while at 200 days, the moving average is $44.30. There were 0.36 million shares traded in the last session, down from 0.66 million in the previous session.

Rogers Communications Inc. [NYSE:RCI] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 19.42, Rogers Communications Inc. [RCI] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 20.94 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.21 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.78 for the industry, which means RCI offers an unattractive investment opportunity than its competitors do.

RCI Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 48.72 level, and the violation of this level will cause a further drop to 48.35 level. At the upper end, 50.03 remains a key resistance. As the stock increases, it may find resistance at 49.66. In the 14-day chart, the Relative Strength Index standing at 56.27 suggests a technical neutral stance while the MACD standing at 0.88 indicates price will decrease in the next trading period. Stochastic %K at 86.97% suggests selling the stock while Percent R indicator at 19.76% suggests bullish price movement.

How much is the short interest in Rogers Communications Inc.?

There have been a drop in short interest in the Rogers Communications Inc. Financial stock, with short interest down by -0.43 million shares to 1.79 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.36 million shares. This 24.02% increase suggests some bearish sentiment was experienced by the stock.

How do analysts view Rogers Communications Inc.?

In regard to the share price forecast for Rogers Communications Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $57.54 in the next twelve months, representing almost an 15.33% growth from its recent price of $48.72. Among Rogers Communications Inc. stock projections, $64.01 is the highest analyst target for the stock, while $47.64 is the lowest. Despite this, 14 analysts who share their consensus rating for RCI in 2021 agree that the stock is an Overweight.

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