Will Rogers Communications (RCI) Disappoint In Q4 Earnings?
Zacks Investment Research | Jan 23, 2018 05:06AM ET
industry ’s gain of 8.96% over the past three months.
On the other hand, Rogers Communications continues to roll out 700 MHz LTE ‘lower block’ spectrum, which provides better in-building penetration and rural LTE coverage. It has become the first wireless operator in Canada to offer “Internet of Things” (IoT) as a service to business enterprises. End-to-End Incident Management, Farm & Food Monitoring and Level Monitoring are the three IoT services that the wireless carrier currently offers.
Rogers Communications has been focusing increasingly on the business enterprise segment. Recently, the company acquired Internetworking to provide enhanced services to its business customers. Additionally, the company also launched Rogers Public Cloud, a cloud infrastructure 'as-a-service' (IaaS) solution that will allow its business customers to securely manage critical data, applications, servers, systems software and network resources over the internet.
Further, the company announced the launch of Rogers Unison service that will allow legacy landline features in a mobile phone. This service is particularly aimed at small businesses. We believe that such innovative service launches for business customers will yield substantial benefits in terms of higher revenues, going forward.
Additionally, Rogers Communications’ subsidiary, Rogers Media, Inc., recently signed a deal to purchase Tillsonburg Broadcasting Company Limited (TBCL). Rogers Media is a diversified media platform which offers radio and television broadcasting, sports entertainment, publishing and digital media properties.
Earnings Whispers
Our proven model does not conclusively show that Rogers Communications is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP Filter .
Zacks Rank: Rogers Communications has a Zacks Rank #4 (Sell).
Notably, we caution against stocks with a Zacks Rank #4 or #5 (Strong Sell) going into the earnings announcement, especially when the company has not witnessed any estimate revisions.
Rogers Communication, Inc. Price and EPS Surprise
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