RCI - Rogers Communications Q1 Earnings: Nothing But Good News

2024-04-27 04:02:01 ET

Summary

• Q1 earnings for Rogers Communications exceeded expectations, with adjusted EPS of $0.73 and service revenue growth of 28% year-over-year.
• The completion of $1 billion of synergy activities within the quarter delivered strong results, with Adjusted EBITDA outpacing service revenue growth.
• The potential for growth from 5G Home Internet and accelerated deleveraging make Rogers Communications a strong buy with a price target of $51.80.

I am updating my previous analysis on Rogers Communications Inc. (NYSE: RCI ) in light of Q1 2024 earnings, which were released pre-market on Wednesday, April 24th....

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