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Cogeco Communications (TSE:CCA)
TSX:CCA
Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.62Last Year’s EPS
2.21Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 13, 2025
|% Change Since: 4.00%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed outlook. While the company reported strong growth in Internet subscribers and improvements in EBITDA margins, challenges such as revenue decline in the U.S., a tough advertising market, and anticipated decreases in Q2 revenue and EBITDA indicate some headwinds.Company Guidance
During the Q1 2025 earnings call, Cogeco Inc. and Cogeco Communications Inc. provided guidance that maintained their annual financial outlook despite a 1.6% decline in consolidated revenue and a 1.4% increase in EBITDA. The company expects Q2 consolidated revenue and adjusted EBITDA in constant currency to decrease in the low single digits due to competitive pressures and business investments. Capital intensity is anticipated to be approximately 200 basis points higher than Q2 of last year. In Canada, Q2 revenue is projected to decrease in the low-single-digits with adjusted EBITDA to decrease in the mid-single digits, reflecting lower revenue and increased costs. In the U.S., Breezeline is expected to see a mid-single-digit decrease in revenue and a low-single-digit decrease in adjusted EBITDA. Despite these challenges, the company continues to focus on its transformation program, targeting a net debt-to-EBITDA ratio in the low three turns range over time.Strong Internet Subscriber Growth in Canada
Cogeco Connexion in Canada experienced strong Internet subscriber growth, with the base expanding by 10,700 subscribers under both the Cogeco and oxio brands.
Successful U.S. Market Expansion
In Ohio, Cogeco had its best quarter since acquiring the business, showing improvement in subscriber metrics and customer satisfaction.
EBITDA Margin Expansion
Transformation efforts contributed to an expansion of EBITDA margins, supported by efficiency improvements and higher-margin service offerings.
Increased Free Cash Flow
Free cash flow in constant currency increased by 7.8%, largely due to proceeds from a sale and leaseback transaction and higher adjusted EBITDA.
Improved Diluted Earnings Per Share
Diluted earnings per share increased by 18.4% due to lower financial expenses, higher adjusted EBITDA, and fewer shares outstanding.
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TSE:CCA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CCA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 13, 2025 | C$66.43 | C$62.49 | -5.93% |
| Oct 31, 2024 | C$68.21 | C$67.33 | -1.28% |
| Jul 11, 2024 | C$49.71 | C$51.73 | +4.05% |
| Apr 12, 2024 | C$52.43 | C$52.73 | +0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cogeco Communications (TSE:CCA) report earnings?
Cogeco Communications (TSE:CCA) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Cogeco Communications (TSE:CCA) earnings time?
Cogeco Communications (TSE:CCA) earnings time is at Apr 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CCA EPS forecast?
TSE:CCA EPS forecast for the fiscal quarter 2025 (Q2) is 1.62.
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