The schedule
- Tue15Sep
BCE reported earnings below expectations, leading to a downgrade from analysts. The stock reacted sharply to weaker-than-anticipated results and guidance, signaling concerns about near-term performance and growth prospects. [Market retrospective · Medium-Term (11–30 days)] Missed anticipation: -15.8% from 2026-08-20 to 2026-10-02 (~2.1σ vs typical 30d vol). Target evaluation date 2026-10-15 (not yet reached as of 2026-10-02). Confidence 95%.
- Thu15Oct
The CRTC is expected to rule on mandated wholesale fiber access rates, which dictates how much incumbents like BCE can charge competitors for network usage.
- Thu4Feb
Q3 results will reveal the impact of back-to-school promotional intensity and whether the company is successfully reigning in CapEx to protect the balance sheet.
- Thu6May
Year-end results and the critical 2027 capital allocation update, where the Board must decide whether to maintain, freeze, or cut the dividend amidst a $43B debt load.
- Thu5Aug
Q1 earnings will set the tone for the new fiscal year, measuring subscriber traction and the early effects of the 2027 capital allocation strategy.
Past
- Thu6Aug
Actual outcome: Bull · $23.37 at outcome
BCE reported Q2 2026 results that met EPS estimates and delivered 1.5% revenue growth, generating over C$1 billion in free cash flow. The stock rallied past the bull target as strong momentum from Ziply Fiber, Bell Media, and AI services offset weaker product sales, reassuring investors despite concerns over the company's heavy AI and fiber spending plans.
BCE reports Q2 earnings against a backdrop of high debt ($43B) and stagnant YoY net income growth, with focus heavily on free cash flow generation and subscriber additions.
- Sat2May
Actual outcome: Bull · $25.11 at outcome
BCE reported Q1 2026 earnings that perfectly matched analyst expectations, delivering an EPS of $0.65. With results coming in exactly as anticipated and no major surprises regarding its free cash flow or dividend sustainability, the stock remained flat. The lack of a clear beat or miss resulted in a neutral market reaction, keeping shares range-bound.
BCE reported Q1 2026 earnings that perfectly matched analyst expectations, delivering an EPS of $0.65. With results coming in exactly as anticipated and no major surprises regarding its free cash flow or dividend sustainability, the stock remained flat. The lack of a clear beat or miss resulted in a neutral market reaction, keeping shares range-bound.