Will stock surge before Earnings results? TELUS (NYSE:TU)

Earnings results for TELUS (NYSE:TU)

TELUS Corporation is estimated to report earnings on 02/11/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.25.

TELUS last announced its earnings data on November 11th, 2020. The Wireless communications provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by $0.03. The firm earned $3.98 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Its revenue for the quarter was up 7.7% compared to the same quarter last year. TELUS has generated $1.10 earnings per share over the last year and currently has a price-to-earnings ratio of 27.0. TELUS has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, February 11th, 2021 based off prior year’s report dates.

Analyst Opinion on TELUS (NYSE:TU)

10 Wall Street analysts have issued ratings and price targets for TELUS in the last 12 months. Their average twelve-month price target is $27.29, predicting that the stock has a possible upside of 28.04%. The high price target for TU is $32.00 and the low price target for TU is $21.00. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus rating of “Buy.”

TELUS has received a consensus rating of Buy. The company’s average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $27.29, TELUS has a forecasted upside of 28.0% from its current price of $21.31. TELUS has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: TELUS (NYSE:TU)

TELUS is a leading dividend payer. It pays a dividend yield of 4.48%, putting its dividend yield in the top 25% of dividend-paying stocks. TELUS has only been increasing its dividend for 1 years. The dividend payout ratio of TELUS is 87.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TELUS will have a dividend payout ratio of 103.23% in the coming year. This indicates that TELUS may not be able to sustain their current dividend.

Insiders buying/selling: TELUS (NYSE:TU)

In the past three months, TELUS insiders have not sold or bought any company stock. 49.53% of the stock of TELUS is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of TELUS (NYSE:TU

Earnings for TELUS are expected to grow by 10.71% in the coming year, from $0.84 to $0.93 per share. The P/E ratio of TELUS is 26.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.86. The P/E ratio of TELUS is 26.97, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 36.38. TELUS has a PEG Ratio of 5.28. PEG Ratios above 1 indicate that a company could be overvalued. TELUS has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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