Rogers Communications Inc delivered a solid earnings report, surpassing expectations and showing resilience in a challenging telecom market.
Rogers Communications Inc (RCI-B.TO) reported its second-quarter earnings on July 21, 2026, revealing an earnings per share (EPS) of CAD 1.15, beating analysts' estimates of CAD 1.13 by 1.8%. This marks the third earnings surprise in the last four quarters, reflecting the company's ability to navigate a competitive landscape.
Recent earnings trend
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Rogers Communications Inc
RCI-B.TO
RCI-B.TO
Rogers Communications Inc
WealthAwesomeMarket cap
$26.45B
P/E
4.3x
Div. yield
4.08%
Div. / share
$2.00
52W high
$55.23
52W low
$43.59
1W change
+3.78%
Beta
0.79
Analyst Price Targets
Based on analyst covering RCI-B
Wall Street analysts forecast RCI-B stock price to rise 26.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$60.14
+26.0% Upside
Current Price
C$47.74
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RCI-B's historical volatility
30-Day Vol
36.3%
Annualized
90-Day Vol
37.2%
Annualized
Trend (90d)
-18.5%
Annualized drift
90d Mean
C$44.69
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$46.70 | C$41.20 – C$52.93 |
| 60 trading days | C$45.68 | C$38.27 – C$54.53 |
| 90 trading days | C$44.69 | C$35.97 – C$55.51 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-21 | 1.1500 | 1.1300 | +1.8% |
| 2026-03-31 | 2026-04-22 | 1.0100 | 1.0200 | -1.0% |
| 2025-12-31 | 2026-01-29 | 1.5100 | 1.4000 | +7.9% |
| 2025-09-30 | 2025-10-23 | 1.3700 | 1.2400 | +10.5% |
| 2025-06-30 | 2025-07-23 | 1.1400 | 1.1000 | +3.6% |
| 2025-03-31 | 2025-04-23 | 0.9900 | 1.0100 | -2.0% |
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Investor takeaway: Investors should note the steady growth in Rogers' consolidated service revenue and the strong performance of its media segment, especially following the company's recent acquisition of full ownership of Maple Leaf Sports & Entertainment. This move could boost its revenue streams and market position.
Bull case
Rogers' media segment is performing well, and the strategic acquisition positions the company for potential growth. Despite market challenges, Rogers has shown resilience in generating revenue, indicating a strong operational framework.
Bear case
Even with the positive earnings surprise, there are concerns about stagnation in the wireless market. Issues like declining average revenue per user (ARPU) and ongoing pressures from satellite TV and regulatory challenges remain significant.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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