BCE has beaten EPS estimates in three of its last four comparable quarters. But its next report comes with a lower year-over-year earnings forecast, and analysts have trimmed their consensus estimate.
BCE Inc. (TSX: BCE), also known as BCE.TO, is set to report third-quarter 2026 results before markets open on November 5. The quarter ended September 30. The earnings calendar lists consensus EPS of C$0.69, based on estimates from 10 analysts, and revenue of C$6.13 billion, based on estimates from seven. The key question: can the Canadian telecom and media company keep earnings near recent levels while delivering modest revenue growth? See the BCE stock overview.
Recent earnings trend
BCE Inc
BCE.TO
BCE.TO
BCE Inc
WealthAwesomeMarket cap
$26.86B
P/E
4.3x
Div. yield
6.05%
Div. / share
$1.75
52W high
$35.31
52W low
$26.66
1W change
+2.02%
Beta
0.67
Analyst Price Targets
Based on analyst covering BCE · as of Oct 30, 2026
Wall Street analysts forecast BCE stock price to rise 28.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$37.03
+28.6% Upside
Previously C$36.81 on Oct 22, 2026
Current Price
C$28.80
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BCE's historical volatility
30-Day Vol
28.6%
Annualized
90-Day Vol
24.3%
Annualized
Trend (90d)
-34.2%
Annualized drift
90d Mean
C$25.49
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$27.65 | C$25.05 – C$30.51 |
| 60 trading days | C$26.55 | C$23.09 – C$30.52 |
| 90 trading days | C$25.49 | C$21.49 – C$30.23 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 10 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 0.7000 | — |
| 2026-06-30 | 2026-08-06 | 0.6500 | 0.7000 | -7.1% |
| 2026-03-31 | 2026-05-07 | 0.6300 | 0.5800 | +8.6% |
| 2025-12-31 | 2026-02-05 | 0.6900 | 0.6200 | +11.3% |
| 2025-09-30 | 2025-11-06 | 0.7900 | 0.7100 | +11.3% |
| 2025-06-30 | 2025-08-07 | 0.6300 | 0.7100 | -11.3% |
Investor takeaway: The outlook is mixed. BCE beat EPS estimates in three of its last four quarters, but missed in its most recent report. The current consensus points to a 12.1% year-over-year EPS decline and 1.4% revenue growth. For Canadian investors, management’s comments on operations, debt and investment plans may matter as much as whether BCE beats the headline estimate.
C$0.69 EPS consensus
The consensus for the quarter ended September 30, 2026, is C$0.69 per share. Estimates from 10 analysts range from C$0.66 to C$0.74. That’s down from year-ago EPS of C$0.79, a projected decline of 12.1%. The consensus estimate has fallen by one cent over the past month.
Bull case
BCE has a long record of comparable quarterly results and beat EPS estimates in three of its last four reports. The current estimate range leaves room for EPS to come in above C$0.69, while the revenue forecast still points to modest growth.
BCE recently agreed to sell a 49.9% stake in its new TowerCo unit to La Caisse for C$2.45 billion. The company says it plans to use the proceeds to reduce debt and fund projects, including AI-focused investments. Investors will want the earnings report and call to clarify how those plans fit with BCE’s outlook.
Bear case
Analysts expect lower EPS than a year ago, and the consensus has slipped from C$0.70 to C$0.69 over the past 30 days. BCE also missed its most recent estimate, reporting EPS of C$0.65 against expectations of C$0.70.
The shares recently closed at C$28.80, below both their 50-day and 200-day moving averages. If earnings or management’s outlook disappoint, modest expected revenue growth may not reassure investors.
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