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Rogers Communications Inc. (RCI)

NYSE - NYSE Delayed Price. Currency in USD
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43.28-0.76 (-1.73%)
At close: 04:00PM EDT
43.28 0.00 (0.00%)
After hours: 07:59PM EDT

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  • E
    Hello, I'm a newbie in crypto,, what's the best way to get started with trade cos l'v been making my personal research for a while now
  • A
    why down?
  • N
    Night Fire
    Price Target 75$ CAD Sector Perform

    -----Our view: Q2/22 results were ahead of our expectations with most wireless KPIs nicely ahead of forecast. 2022 guidance was reiterated. At current levels, we view Q2/22 results as positive for the shares. First impression

    -----• Q2/22 results ahead of our expectations. Consolidated revenues and EBITDA were $3,868MM (+8.0% YoY) and $1,592MM (+15.9% YoY), respectively, versus our estimates of $3,786MM and $1,543MM (consensus is $3,798MM and $1,540MM). The positive revenue variance was mainly due to higher wireless network revenues on stronger ARPU growth. The positive EBITDA variance was due to the related flow-through to wireless EBITDA as well as slightly higher media EBITDA. Consolidated EBITDA margins were 41.2% (+280bps YoY) versus our estimate of 40.8%. Please see Exhibit 1 for a summary of Q2/22 results versus our expectations.

    -----• A strong quarter for wireless as anticipated. Wireless revenues and EBITDA were $2,212MM (+7.2% YoY) and $1,118MM (+10.9%), respectively, versus our estimates of $2,179MM and $1,086MM (consensus is $2,180MM and $1,087MM) due to higher than forecast roaming revenue on renewed mobility and travel. Wireless EBITDA margins were 50.5% (+171bps), above our 49.8% estimate. Key wireless metrics were solid: (i) mobile phone postpaid net additions were +122k versus our estimate of +85k, consensus of +74k and +60k in Q2/21; (ii) mobile phone postpaid churn was 0.68% versus our estimate of 0.75%, consensus of 0.77% and down -8bps YoY; and (iii) mobile phone ARPU growth was +5.7% versus our estimate of +3.5% and consensus of +3.3%.

    -----• Improving cable performance continues. Cable revenues and EBITDA were $1,041MM (+2.8% YoY) and $520MM (+5.7%), respectively, generally in line with our estimates of $1,035MM and $518MM (consensus is $1,036MM and $516MM) with results benefiting from the flow-through of Q1/22 price increases and improved efficiencies and execution. Cable EBITDA margins were 50.0% (+138bps YoY) versus our estimate of 50.1% (+150bps). Key cable metrics: (i) retail Internet net additions were +26k versus our estimate of +18k, consensus of +15k and +14k in Q2/21; (ii) cable customer relationships net additions were +14k versus our estimate of +15k, consensus of +8k and +7k in Q2/21; and (iii) cable ARPA increased +0.2% versus our estimate of -0.3% and consensus of +0.2%.

    -----• Other notables. (i) the outside date on the Shaw transaction has been extended to December 31, 2022 (from July 31, 2022) with an option by either Rogers or Shaw to push it further out to January 31, 2023 provided committed financing is available; (ii) customer credits of ~$150MM from the July 8 network outage will be recognized in Q3/22; and (iii) Rogers Media results were slightly ahead of our expectations, albeit EBITDA break-even in the quarter.
  • R
    If they acquire Shaw I assume it's gonna be hard for them shouldering that debt with the recent events conspiring around Rogers. This is what happens when you operate with greed in mind. This is not the vision the late Ted Rogers had when he was handling this company. His children only see $$$ without investing in better infrastructure. They don't even have fibre in 2022 lol. Both Jr and Sr Rogers must be rolling over their graves right now with what their descendants are doing to their company.
  • P
    perfect buying opportunity. buy things when they’re on sale as warren buffet would say. fundamentally nothing wrong with this company and they’ll still be here in 50 years making more money than ever. ill dabble and buy!
  • K
    its been going down inspite of reporting earning beat last week.
  • G
    I'm amazed this stock only dropped ~1% today. LOL
  • I
    hehe ...... Rogers telling others (Anti-Trust Bureau) what their "obligations" are.

    The irony.
  • $
    all of Canada is down because of a business deal... unreal. this will speak volumes for customers. thank Goodness I'm with Telus.
  • A
    Aero smile
    Holy, Rogers only down 1%today even with massive network break down???? Maybe its shareholders have no access to internet so they can not sell it.
  • K
    I've dropped all of my Rogers services from internet, TV, mobile and home phone. There will be a ton of folks like me.
  • N
    stock should drop 10%
  • S
    Smelly Coochie
  • M
    You wait till Monday when Things start coming back online more

    Things gonna start dropping like a rock

  • L
    Should have used Telus! Rogers and Bell are overpriced 🗑
  • C
    Rogers is currently experiencing a Canada-wide outage… only the second one in as many years… they’re going to be losing lots of business after this.
  • A
    Short Rogers?
  • E
    Oh that’s just perfect. So the industry minister has a meeting with all the telecom giants and lays out the new “ how your going to do it “ rules. Translation: this is going to be expensive to administer, so UP goes the prices in short order. So Rogers messed up and everyone shares the pain. What a shock!!!
  • M
    Stock price can't lower is people can't trade.
  • R
    Another time within one year. I am moving away from Rogers and selling my stock