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BCE sees FY23 adjusted EPS down 3%-7%, consensus $2.60
The Fly

BCE sees FY23 adjusted EPS down 3%-7%, consensus $2.60

Sees FY23 revenue up 1%-5%, consensus $18.5B. Sees FY23 adjusted EBITDA up 2%-5%. Sees FY23 free cash flow up 2%-10%. The company said, "These ranges are based on our current outlook for 2023, as well as our 2022 consolidated financial results that reflected the impact on adjusted EBITDA from inflationary pressures on fuel, utility and labour costs, as well as storm-related recovery costs, and the impact on free cash flow from historic capital expenditures to accelerate the rollout of Bell’s wireline fibre and wireless 5G networks. For 2023, we expect lower tax adjustments, higher depreciation and amortization expense and increased interest expense to drive lower adjusted EPS compared to 2022. For 2023, we expect growth in adjusted EBITDA, a reduction in contributions to post-employment benefit plans and payments under other post-employment benefit plans, and lower capital expenditures will drive higher free cash flow."

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