G&M: MFC, BCE, and Bombardier set for an action packed ThursManulife, BCE, and Bombardier among stocks set for an action-packed Thursday Bombardier Inc., BCE Inc., and a host of energy names highlight the Thursday before-market earnings action in Canada.
Bombardier, continuing its return from the dead, is one of the top 10 performers in the S&P/TSX Composite this year. Earnings day has often provided fodder for big jumps, sometimes for the numbers, sometimes for management commentary. That’s why there’s so much more at stake than the big zero in consensus — 0 cents EPS, per Eikon on just under $3.87–billion revenue.
Analyst Steve Hansen of Raymond James says that while the quarter should be another flat one for deliveries of the company’s C Series aircraft, he “expect management will speak to an accelerating cadence in the underlying monthly pattern,” with four deliveries in March representative of the numbers to follow in 2018.
BCE is the biggest company reporting Thursday morning, but it is a company of few surprises; it hasn’t missed or beaten EPS consensus by more than one per cent in any of the past eight quarters, according to Eikon. It’s a stock to watch because it’s widely owned, but it’s very nearly an earnings report you can overlook. Analysts expect, on average, 82 cents in EPS on just over $5.62-billion in revenue.