Results: TELUS Corporation Exceeded Earnings Expectations, Leading to Updated Analyst Forecasts

2 min read | February 15, 2025 01:33 PM EST | By Team Kalkine Media

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Results: TELUS Corporation Exceeded Earnings Expectations, Leading to Updated Analyst Forecasts

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Highlights

TELUS shares increased by 5.9% post-earnings release.

Earnings per share exceeded analyst expectations.

Revenue growth anticipated to outpace industry averages.

It's been an encouraging week for TELUS Corporation (TSE:T) stakeholders, as the company’s recently disclosed full-year results led to a remarkable 5.9% share price increase, reaching CA$21.80. The results proved to be positive—while revenues hit CA$20 billion as analysts predicted, TELUS delivered a statutory profit of CA$0.67 per share, slightly surpassing expectations.

With fresh data on hand, analysts have revised their forecasts. Looking ahead to 2025, the expectation is for TELUS' revenues to reach CA$20.9 billion, marking a modest 3.7% improvement from the previous year. Moreover, per-share earnings are projected to rise by 26% to CA$0.83. Prior to the new earnings report, expectations were set at CA$20.7 billion for revenues and CA$0.84 for EPS in 2025. This suggests no significant changes in analysts’ expectations aside from minor adjustments.

The analysts maintained their average price target of CA$23.43, signaling steady business performance. Among individual analysts, price targets range from CA$29.00 at the optimistic end to CA$20.00 at the more conservative end. Such a range indicates varied perspectives, but not to extremes that imply drastic outcomes for TELUS shareholders.

Comparative analysis places TELUS in a favorable light. Although there's a forecasted slowdown to 3.7% annual growth by the end of 2025, compared to its historical 7.4% growth rate over the past five years, TELUS still outpaces the industry average growth projection of 2.5% annually.

The Bottom Line

In conclusion, current sentiment remains steady, with analysts reinforcing the idea that TELUS is operating in line with expectations. Notably, revenue growth projections remain higher than industry averages, with no substantial changes in the consensus price target. Looking at the larger picture, the future trajectory of TELUS might be a more critical focus for stakeholders. Looking further ahead, estimates extend to 2027 offering more details on the platform.

While TELUS shows promising figures, it's important to note potential risks. Keep an eye on any warning signs that may inform strategic decisions.

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