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Cogeco Inc. SV (TSE:CGO)
:CGO
Earnings Data
Report Date
Jul 10, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
2.3Last Year’s EPS
3.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 09, 2025
|% Change Since: -8.47%
|Next Earnings Date:Jul 10, 2025
Earnings Call Sentiment|Neutral
The call presented a mixed picture with significant operational highlights and strategic advancements, particularly in the wireless segment and cost management. However, the revenue decline and challenges in certain segments like radio advertising and subscriber base contractions were notable lowlights. The sentiment is balanced between optimism for future growth and current operational challenges.Company Guidance
During the Cogeco Inc. and Cogeco Communications Inc. Q2 2025 earnings call, several key metrics and strategic guidance points were discussed. The company is focusing on increasing free cash flow over the next two years, which is expected to grow significantly due to the completion of CapEx investment cycles in rural network builds and network modernization efforts. Cogeco is also maintaining a relatively low dividend payout ratio to sustain dividend growth. In Q2, the company's transformation program contributed to expanded EBITDA margins, with their fibre-to-the-home expansion adding around 7,000 new homes passed, primarily in Canada. The Canadian internet customer base grew by 8,300 subscribers, and the Ontario network expansion is set to continue through fiscal 2025, with completion expected by fiscal 2026. Consolidated revenue declined by 2.7%, while EBITDA remained stable in constant currency. Free cash flow increased by 12.8% due to lower capital expenditures and financial expenses. The net debt-to-adjusted EBITDA ratio was stable at 3.4 turns. For fiscal year 2025, Cogeco maintains its guidance, expecting consolidated revenue and adjusted EBITDA to decrease in the low single digits for Q3, with capital intensity anticipated to be approximately 350 basis points above Q3 of the previous year.Expansion of EBITDA Margins
Transformation efforts contributed to the expansion of consolidated EBITDA margins. Operational performance was ahead of expectations due to well-executed plans and deferred investments.
Increase in Internet Subscriber Base
In Canada, the internet customer base grew by 8,300 subscribers during the quarter. The fiber-to-the-home expansion program added nearly 7,000 new homes passed.
Stable EBITDA in Breezeline
Despite revenue pressures, Breezeline's constant currency EBITDA remained stable due to cost reduction initiatives and operating efficiencies.
Free Cash Flow Increase
Free cash flow in constant currency increased by 12.8%, driven by lower capital expenditures and financial expenses.
Wireless Ramp Up
U.S. wireless volumes are ramping up, and Canadian pre-registrations exceeded expectations, supporting the company's wireless strategy.
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TSE:CGO 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:CGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 09, 2025 | C$60.07 | C$54.98 | -8.47% |
| Jan 13, 2025 | C$57.90 | C$53.55 | -7.51% |
| Oct 31, 2024 | C$58.87 | C$58.12 | -1.27% |
| Jul 11, 2024 | C$45.23 | C$47.64 | +5.33% |
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 Inc. SV (TSE:CGO) report earnings?
Cogeco Inc. SV (TSE:CGO) is schdueled to report earning on Jul 10, 2025, TBA Not Confirmed.
What is Cogeco Inc. SV (TSE:CGO) earnings time?
Cogeco Inc. SV (TSE:CGO) earnings time is at Jul 10, 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:CGO EPS forecast?
TSE:CGO EPS forecast for the fiscal quarter 2025 (Q3) is 2.3.
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