Recap: BCE Q1 Earnings

BCE BCE reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

BCE beat estimated earnings by 10.53%, reporting an EPS of $0.63 versus an estimate of $0.57.

Revenue was down $139.00 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 0.07% drop in the share price the next day.

Here's a look at BCE's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.54	0.62	0.65	0.62
EPS Actual	0.53	0.67	0.68	0.70
Revenue Estimate	4.78B	4.36B	4.58B	4.54B
Revenue Actual	4.79B	4.62B	5.86B	4.62B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

BCE management provided guidance for FY 2023, expecting earnings between $2.31 and $2.4 per share.

To track all earnings releases for BCE visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.