Equity Profile

RCI

Rogers Communications Inc.

Communication ServicesWireless Telecommunication Services$19.7B

Jul22Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Rogers Communications Inc. (RCI) is a major player in the wireless telecommunications sector, providing mobile and internet services across Canada....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Rogers is attracting and retaining customers, which is crucial for revenue growth.

Expected to show an increase of 2% YoY.

Average Revenue Per User (ARPU)

ARPU reflects the company's ability to generate revenue from its subscribers, impacting overall profitability.

Expected to be $60.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RCI Q2-2026 Earnings Preview

Context

Company Snapshot

Rogers Communications Inc. (RCI) is a major player in the wireless telecommunications sector, providing mobile and internet services across Canada. With a market cap of $20 billion, the company is significant in the communication services sector, especially as demand for reliable connectivity continues to grow amid increasing consumer reliance on mobile technology.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+3.38%

Avg Stock Reaction

+1.04%

Last Quarter Recap

In Q1-2026, Rogers reported an earnings per share (EPS) of $0.74, beating estimates by 2.66%. The stock reacted positively, gaining 13.61% the following day.

Management Promises & Guidance

Focus on expanding 5G network coverage.
Commitment to improving customer service and reducing churn.
Plans to enhance digital offerings and customer engagement.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Rogers' Q2-2026 earnings report, especially given the company's strong performance in recent quarters.

Bull Case

If Rogers continues to show strong subscriber growth and improved ARPU, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company reports higher churn rates or lower-than-expected subscriber growth, it could raise concerns about its competitive position and profitability.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase of 2% YoY.

This metric indicates how well Rogers is attracting and retaining customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Expected to be $60.

ARPU reflects the company's ability to generate revenue from its subscribers, impacting overall profitability.

Churn Rate

Expected to be 1.5%.

A lower churn rate suggests better customer retention, which is vital for maintaining revenue levels.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected subscriber growth rate for Q2-2026?

Subscriber growth is a key indicator of Rogers' market performance and future revenue potential.

How has the churn rate changed compared to the previous quarter?

A rising churn rate could signal issues with customer retention, which would negatively impact revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Rogers' ability to leverage its 5G expansion for subscriber growth, as well as its commitment to enhancing customer service.

Supporting Evidence

Rogers has consistently beaten EPS estimates, indicating stronger operational performance than anticipated.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent improvements in customer service metrics may not be fully reflected in current consensus estimates.

Key Risk

If subscriber growth exceeds 2% or churn improves significantly, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on Rogers' ability to maintain subscriber growth while managing customer retention effectively.

Bull Confirmed If

Subscriber growth of 2% YoY or better, with ARPU holding steady at $60.

Bear Confirmed If

Churn rate exceeding 1.5%, indicating potential customer retention issues.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±10.1% while RCI has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

41.3%

Calls (168K)P/C Ratio: 0.11Puts (51K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rogers beats expectations, history suggests the stock could rise by an average of 1.64%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around 3.16%, raising concerns about competitive pressures and operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on subscriber growth and retention strategies.
2Updates on 5G network expansion progress.
3Any changes to ARPU and pricing strategies.
4Insights into customer service improvements and their impact on churn.
5Management's outlook on competitive pressures in the telecommunications market.

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Company Snapshot

Rogers Communications Inc. (RCI) is a major player in the wireless telecommunications sector, providing mobile and internet services across Canada....

Key Metrics to Watch

Subscriber Growth

This metric indicates how well Rogers is attracting and retaining customers, which is crucial for revenue growth.

Expected to show an increase of 2% YoY.

Average Revenue Per User (ARPU)

ARPU reflects the company's ability to generate revenue from its subscribers, impacting overall profitability.

Expected to be $60.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RCI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+3.38%

Avg Stock Reaction

+1.04%

Last Quarter Recap

In Q1-2026, Rogers reported an earnings per share (EPS) of $0.74, beating estimates by 2.66%. The stock reacted positively, gaining 13.61% the following day.

Management Promises & Guidance

Focus on expanding 5G network coverage.
Commitment to improving customer service and reducing churn.
Plans to enhance digital offerings and customer engagement.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of Rogers' Q2-2026 earnings report, especially given the company's strong performance in recent quarters.

Bull Case

If Rogers continues to show strong subscriber growth and improved ARPU, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company reports higher churn rates or lower-than-expected subscriber growth, it could raise concerns about its competitive position and profitability.

Key Metrics to Watch

Subscriber Growth

Expected to show an increase of 2% YoY.

This metric indicates how well Rogers is attracting and retaining customers, which is crucial for revenue growth.

Average Revenue Per User (ARPU)

Expected to be $60.

ARPU reflects the company's ability to generate revenue from its subscribers, impacting overall profitability.

Churn Rate

Expected to be 1.5%.

A lower churn rate suggests better customer retention, which is vital for maintaining revenue levels.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected subscriber growth rate for Q2-2026?

Subscriber growth is a key indicator of Rogers' market performance and future revenue potential.

How has the churn rate changed compared to the previous quarter?

A rising churn rate could signal issues with customer retention, which would negatively impact revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Rogers' ability to leverage its 5G expansion for subscriber growth, as well as its commitment to enhancing customer service.

Supporting Evidence

Rogers has consistently beaten EPS estimates, indicating stronger operational performance than anticipated.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

Recent improvements in customer service metrics may not be fully reflected in current consensus estimates.

Key Risk

If subscriber growth exceeds 2% or churn improves significantly, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on Rogers' ability to maintain subscriber growth while managing customer retention effectively.

Bull Confirmed If

Subscriber growth of 2% YoY or better, with ARPU holding steady at $60.

Bear Confirmed If

Churn rate exceeding 1.5%, indicating potential customer retention issues.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±10.1% while RCI has averaged ±3.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

41.3%

Calls (168K)P/C Ratio: 0.11Puts (51K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rogers beats expectations, history suggests the stock could rise by an average of 1.64%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around 3.16%, raising concerns about competitive pressures and operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on subscriber growth and retention strategies.
2Updates on 5G network expansion progress.
3Any changes to ARPU and pricing strategies.
4Insights into customer service improvements and their impact on churn.
5Management's outlook on competitive pressures in the telecommunications market.