Yahoo Finance TELUS First Quarter 2024 Earnings: Misses Expectations
TELUS (TSE:T) First Quarter 2024 Results
Key Financial Results
Revenue: CA$4.93b (flat on 1Q 2023).
Net income: CA$127.0m (down 42% from 1Q 2023).
Profit margin: 2.6% (down from 4.4% in 1Q 2023).
EPS: CA$0.086 (down from CA$0.15 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TELUS Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 52%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Canada.
Performance of the Canadian Telecom industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 5 warning signs for TELUS (of which 2 are a bit concerning!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
