Cogeco Inc. SV (TSE:CGO)
TSX:CGO
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Earnings Data
Report Date
Jul 09, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.65Last Year’s EPS
2.4Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call showed a balanced mix of positives and negatives: strong Canadian results, growing free cash flow, deleveraging progress, a $14.8M tax benefit and tangible transformation/AI momentum provide meaningful support. However, material near‑term headwinds in the U.S. (aggressive competitor promotions, regional subscriber pressure and a guidance downgrade) temper the outlook. Management is cautiously optimistic that U.S. performance will improve in H2 and that cost and transformation benefits will narrow the gap between revenue and EBITDA declines.Company Guidance
Strong Canadian Operational Performance
Canada delivered positive year-on-year adjusted EBITDA growth in Q2 and continued customer momentum; management noted that in 3 of the past 4 quarters Cogeco had the best Internet customer base percentage growth across Canadian telecom. Management expects continued year‑over‑year revenue and adjusted EBITDA growth in Canada for the balance of the year.
Free Cash Flow Growth and Deleveraging
Free cash flow is growing and the company is deleveraging: net leverage was 3.2x at Q2 with an objective to reach ~3.0x by the end of the fiscal year. Free cash flow guidance for the year was unchanged (midpoint commentary ~USD/CAD $530–540M in constant currency) and management expects further free cash flow growth into fiscal 2027 (aspirational ~$600M).
Tax Benefit Improves Current Income Tax Rate
Recognized a $14.8 million retroactive tax benefit from accelerated depreciation in Canada; as a result the current income tax rate is now ~8.5% for the year versus the prior assumption of 11.5% (improvement of ~3.0 percentage points).
New U.S. Digital Challenger Brand Launched
Launched the 'welo' digital challenger brand in Ohio at end of February (U.S. equivalent of Canada's oxio). Initial volumes were minimal in Q2 (launched last 2 days) but expected to scale with an S‑curve ramp in coming quarters and provide a growth lever in markets where Breezeline has ~20% market share in parts of its footprint.
Transformation and AI Initiatives Progressing
3‑year transformation remains on track, delivering OpEx and CapEx synergies and diversifying revenue streams (oxio, welo and wireless in Canada and U.S.). Company is accelerating AI deployments (customer service chatbots, end‑to‑end troubleshooting, ARPU/retention management) with early benefits beginning to appear and expected larger impacts over time.
Cogeco Media Digital Advertising Growth
Cogeco Media reported steady growth in digital advertising solutions, partially offsetting pressure in the traditional radio advertising market.
Operational Wins in Ohio and Select U.S. Markets
Ohio residential broadband results improved for the third consecutive quarter. Year‑over‑year internet subscribers were roughly flat overall in the U.S., with Ohio ~+3,000 YoY while other regions were ~-3,000 YoY (management attributed ~1,500 of that to prior‑year bulk-building connects in Florida).
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
TSE:CGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 09, 2026 | C$64.29 | C$60.97 | -5.17% |
Jan 14, 2026 | C$63.13 | C$64.16 | +1.63% |
Oct 29, 2025 | C$57.61 | C$57.35 | -0.46% |
Jul 15, 2025 | C$63.18 | C$57.62 | -8.80% |
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.
FAQ
When does Cogeco Inc. SV (TSE:CGO) report earnings?
Cogeco Inc. SV (TSE:CGO) is schdueled to report earning on Jul 09, 2026, After Close (Confirmed).
What is Cogeco Inc. SV (TSE:CGO) earnings time?
Cogeco Inc. SV (TSE:CGO) earnings time is at Jul 09, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is TSE:CGO EPS forecast?
TSE:CGO EPS forecast for the fiscal quarter 2026 (Q3) is 2.65.