Quebecor (QBCRF) Projected to Release Quarterly Earnings on Thursday

Key Points

• Quebecor is expected to report quarterly results before market open on Thursday, November 5. Analysts project earnings of $0.843 per share on $1.02 billion in revenue.
• In the prior quarter, Quebecor reported $0.77 EPS, narrowly missing estimates, while revenue of $1.01 billion exceeded expectations. Analysts forecast full-year EPS of $3.04 and next-year EPS of $3.38.
• Shares opened at $47.13, near their 12-month high of $49.05, and analysts hold a consensus “Moderate Buy” rating, with three Buy and three Hold recommendations.

Quebecor (OTCMKTS:QBCRF - Get Free Report) will likely be issuing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.8430 per share and revenue of $1.02 billion for the quarter.

Quebecor (OTCMKTS:QBCRF - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million. Quebecor had a return on equity of 33.21% and a net margin of 16.30%. On average, analysts expect Quebecor to post $3.04 EPS for the current fiscal year and $3.38 EPS for the next fiscal year.

Quebecor Trading Down 0.7%

Shares of OTCMKTS QBCRF opened at $47.13 on Thursday. The company's fifty day moving average is $45.19 and its 200-day moving average is $43.89. The stock has a market cap of $10.55 billion and a price-to-earnings ratio of 32.28. Quebecor has a twelve month low of $31.40 and a twelve month high of $49.05. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 2.01.

Analysts Set New Price Targets

QBCRF has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Quebecor in a research note on Friday, August 7th. Scotiabank reissued a "sector perform" rating on shares of Quebecor in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Quebecor in a research note on Friday, July 10th. Zacks Research upgraded Quebecor to a "hold" rating in a report on Monday, October 12th. Finally, Raymond James Financial raised Quebecor from a "market perform" rating to an "outperform" rating in a research report on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Quebecor presently has a consensus rating of "Moderate Buy".

About Quebecor

Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.

Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.

Quebecor's media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.

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