Rogers Communication (NYSE:RCI) Posts Earnings Results, Beats Estimates By $0.07 EPS

Rogers Communication (NYSE:RCI) (TSE:RCI.B) issued its quarterly earnings results on Friday. The Wireless communications provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07, Zacks reports. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS.

Here are the key takeaways from Rogers Communication’s conference call:

• Free cash flow rose 65% to approximately CAD 1.4 billion in Q3, supported by a 46% reduction in capital expenditures and capital intensity of 9.6%. Leverage improved to 3.7 times, while the company reaffirmed its 2026 free cash flow outlook of CAD 4.1 billion–CAD 4.3 billion.
• Wireless service revenue declined 1% and mobile phone ARPU fell 2.6% to CAD 55.22, primarily due to the CRTC’s ban on certain fees and earlier competitive pricing pressure. Mobile net additions were limited to 17,000, and postpaid churn increased four basis points to 1.03%.
• Rogers continued to emphasize profitable customer growth over subscriber volume, with incoming wireless ARPU up 8% year over year. Wireless EBITDA margin expanded 130 basis points to an industry-leading 68%, while cable margin increased to 59% and cable service revenue grew for the sixth consecutive quarter.
• Sports & Media delivered strong growth, with revenue up 9% and adjusted EBITDA up 12% to CAD 84 million, aided by record Toronto Blue Jays attendance. Rogers completed its acquisition of the remaining 25% of MLSE and is targeting a minority stake sale in its consolidated sports and entertainment assets by the first half of 2027, with proceeds expected to reduce debt.
• Management reaffirmed its 2026 outlook for service revenue growth of 3%–5%, adjusted EBITDA growth of 1%–3%, capital expenditures of CAD 2.5 billion–CAD 2.7 billion, and free cash flow of CAD 4.1 billion–CAD 4.3 billion. Executives said the lower capital-spending trajectory should be sustainable, although they are not yet providing formal 2027 guidance.

Rogers Communication Trading Down 3.4%

Shares of Rogers Communication stock traded down $1.14 during trading on Friday, hitting $32.06. The stock had a trading volume of 858,889 shares, compared to its average volume of 1,265,967. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.55 and a quick ratio of 0.51. The firm’s fifty day simple moving average is $34.09 and its 200-day simple moving average is $34.85. Rogers Communication has a 12 month low of $29.25 and a 12 month high of $41.14. The stock has a market cap of $17.32 billion, a PE ratio of 3.87, a PEG ratio of 3.99 and a beta of 0.65.

Wall Street Analyst Weigh In

Several research firms have commented on RCI. Desjardins raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research note on Monday, September 14th. TD Securities reissued a “buy” rating on shares of Rogers Communication in a report on Thursday, July 23rd. Wall Street Zen cut shares of Rogers Communication from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded shares of Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Rogers Communication in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rogers Communication presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Trending Headlines about Rogers Communication

Here are the key news stories impacting Rogers Communication this week:

• Positive Sentiment: Rogers reported third-quarter adjusted earnings of $0.92 per share, above the $0.84 consensus estimate, while revenue also exceeded expectations. Rogers Communication Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company said it delivered topline and adjusted EBITDA growth, record free cash flow and its lowest capital intensity in more than 20 years. These improvements support debt reduction, dividends and future investment flexibility. Rogers Communications Reports Third Quarter 2026 Results
• Positive Sentiment: Scotiabank raised its FY2026 EPS forecast to $3.34 from $3.32 and its FY2027 estimate to $3.51 from $3.49, maintaining an “Outperform” rating. Scotiabank Rogers Communications Estimates
• Positive Sentiment: Rogers declared a quarterly dividend of $0.50 per share, payable January 5, 2027, reinforcing its shareholder-return appeal. Rogers Declares Quarterly Dividend
• Neutral Sentiment: Reported EPS was variously presented as $1.29 versus an $0.85 consensus estimate, while adjusted EPS was $0.92; the difference reflects the impact of accounting items and makes adjusted results more useful for evaluating ongoing operations. Rogers Communications Earnings Report
• Negative Sentiment: Profit declined from the prior-year period, when Rogers benefited from a large accounting gain, while revenue growth was relatively modest at 1.8%. This likely tempered the positive reaction to the headline beat. Rogers Communications Profit Drops on Comparison

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian communications and media company serving consumers, businesses and public-sector organizations across Canada. Its telecommunications operations provide wireless voice and data services, broadband internet, television, home phone and related connectivity products. The company also offers enterprise networking, cybersecurity, cloud and other information technology services.

Rogers operates a portfolio of media and sports properties, including Sportsnet, Citytv and OMNI Television, along with radio stations, digital platforms and publishing operations.