Analyst Consensus ?
ConsensusHold25 ratings
Bullish1144.0%
Neutral1352.0%
Bearish14.0%
Rogers Communications Inc. · RCI · FY2025 Q3 · Calendar Q4 2025
Rogers highlights subscriber momentum, media growth and lower capex
The supplied analysis supports a constructive operating picture: subscriber additions, low churn, media growth and disciplined capital spending strengthen the case for resilient demand. The thesis remains conditional because wireless pricing, regulation and MLSE monetization could limit the benefits.
Reported Before market openNYSECommunication Services
$17.50B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.99
Consensus $0.92
EPS surprise
+7.6%
Reported versus consensus
Reported revenue
$3.83B
Consensus $5.94B
Revenue surprise
-35.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+3.4%
Event window
SPY move
+0.6%
Same window
Abnormal move
+2.8%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-2.2%
Up to 20 sessions
RCISPY benchmark
Ask FN2 about RCI FY2025 Q3
Transcript, numbers and history already loaded
Why did RCI rise 3.4% after beating EPS estimates in FY2025 Q3?What changed in RCI's guidance and outlook in FY2025 Q3?Give me the bull and bear case for RCI after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis adds evidence of strong wireless and cable subscriber momentum, a 26% increase in media revenue, lower 2025 capex guidance and higher free-cash-flow guidance. Management also plans to acquire the remaining MLSE minority stake and assess sports-portfolio options.
Guidance delta
Management lowered 2025 capex guidance to $3.7 billion and lifted free-cash-flow guidance to $3.2-$3.3 billion.
Key takeaways
- Wireless added 111,000 net subscribers, with post-paid churn at a two-year low of 0.99%.
- Cable added 29,000 internet customers and reported a 58% margin in the supplied analysis.
- Media revenue grew 26%, while management outlined further MLSE ownership and monetization plans.
Management priorities
- Expand satellite-to-mobile, 5G Home Internet and WiFi 7 services.
- Use bundles, hardware discounts and content to support subscriber growth.
- Improve cash generation through disciplined capex and AI-enabled efficiency initiatives.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$32.39Current
$35Low
$47Average
$70High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 13, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 23, 2026 |
| B of A Securities | Neutral | Buy | Downgrade | Jan 14, 2025 |
| TD Securities | Buy | Buy | Maintain | Sep 19, 2024 |
| BMO Capital | Outperform | Outperform | Maintain | Sep 19, 2024 |
| Canaccord Genuity | Hold | Buy | Downgrade | Jul 25, 2024 |
| National Bank Financial Inc | Outperform | Outperform | Maintain | Jun 28, 2023 |
| Desjardins | Buy | Hold | Upgrade | Jan 28, 2022 |
| JP Morgan | Underweight | Neutral | Downgrade | Jul 8, 2019 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Apr 22, 2019 |
| Macquarie | Neutral | Outperform | Downgrade | Jan 25, 2019 |
| Edward Jones | Hold | Buy | Downgrade | Nov 29, 2018 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Nov 17, 2017 |
| CIBC | Neutral | Outperform | Downgrade | Apr 5, 2017 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 19, 2016 |
| Bank of America | Buy | Neutral | Upgrade | Apr 22, 2015 |
| Euro Pacific Capital | Hold | Buy | Downgrade | Jan 26, 2015 |
| Citigroup | Neutral | Neutral | Maintain | Nov 20, 2014 |
| National Bank Financial | Outperform | Sector Perform | Upgrade | Oct 20, 2014 |
| Cormark Securities | Market Perform | Buy | Downgrade | Feb 20, 2014 |
| Veritas Research | Buy | Sell | Upgrade | Sep 3, 2013 |
| Veritas | Buy | Sell | Upgrade | Sep 3, 2013 |
| Credit Suisse | Neutral | Outperform | Downgrade | Apr 23, 2013 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 19, 2013 |
| Stifel | Buy | Buy | Maintain | Feb 19, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $32.39. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Lauren Bonham | $35 | $29.9 | +8.1% | Oct 13, 2026 |
| Barclays | Analyst unavailable | $36 | $33.86 | +11.1% | Jul 16, 2026 |
| Barclays | Analyst unavailable | $37 | $36.49 | +14.2% | Jan 27, 2026 |
| BMO Capital | Tim Casey | $70 | $40.19 | +116.1% | Sep 19, 2024 |
| Barclays | Lauren Bonham | $46 | $40.35 | +42.0% | Apr 10, 2024 |
Track every rating change on RCI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRogers Communications Inc., a prominent Canadian telecommunications and media conglomerate, structures its diverse operations across three core divisions: Wireless, Cable, and Media. In its Wireless segment, Rogers caters to approximately 11.3 million subscribers through its Rogers, Fido, and chatr brands. This division offers an extensive range of mobile services, including internet access, traditional and enhanced voice communication, wireless home phone, and global voice and data roaming. Customers also benefit from device and accessory financing, device protection plans, email, and convenient device delivery services. Furthermore, Rogers provides specialized wireless solutions for businesses, encompassing machine-to-machine (M2M) connectivity, Internet of Things (IoT) platforms, and landline bridging. The Cable division delivers high-speed internet and comprehensive WiFi services.…
Historical context
All RCI earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| OMC Omnicom Group Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.2% | +2.6% | Omnicom pairs resilient demand with AI and integration progress |
| SPOT Spotify Technology S.A. | FY2026 Q3 · Calendar Q4 2026 | -11.6% | +11.1% | Spotify: resilient Q3 demand, with AI and audiobooks central to growth |
| CMCSA Comcast Corporation | FY2026 Q3 · Calendar Q4 2026 | +8.5% | +3.4% | Comcast balances wireless and Peacock gains against Q4 costs |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the RCI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-24T02:00:41.201279+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T02:00:41.198423+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.