TELUS Corporation (TU) to Release Quarterly Earnings on Thursday
TELUS Corporation (NYSE:TU) (TSE:T) will issue its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
TELUS Corporation (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.05). TELUS Corporation had a return on equity of 18.75% and a net margin of 9.55%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect TELUS Corporation to post $2.09 EPS for the current fiscal year and $2.26 EPS for the next fiscal year.
TU has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Friday, July 14th. Barclays PLC lifted their price objective on shares of TELUS Corporation from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. BMO Capital Markets lifted their price objective on shares of TELUS Corporation from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. BidaskClub upgraded shares of TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, Scotiabank upgraded shares of TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.50.
About TELUS Corporation
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
Receive News & Ratings for TELUS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.