Equity Profile

RCI

Rogers Communications Inc.

Communication ServicesWireless Telecommunication Services$20.3B

Jul22Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Rogers Communications Inc. (RCI) is a leading provider of wireless telecommunications services in Canada....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is essential as it indicates the company's ability to attract and retain customers in a competitive market.

N/A

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Rogers generates from each customer, which is critical for assessing profitability.

N/A

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 leading provider of wireless telecommunications services in Canada. As part of the Communication Services sector, it plays a crucial role in connecting consumers and businesses through mobile and internet services, especially as demand for connectivity continues to rise.

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 expectations of $0.72. The stock reacted positively, gaining 13.61% the following day, indicating strong market confidence.

Management Promises & Guidance

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

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Rogers' upcoming earnings, given its history of beating EPS estimates. However, concerns about subscriber growth and competitive pressures remain.

Bull Case

If Rogers can demonstrate strong subscriber growth and maintain or increase ARPU, it could lead to a significant positive reaction in the stock price.

Bear Case

On the other hand, if subscriber growth stalls or ARPU declines, it could raise red flags for investors, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate?

Subscriber growth is critical for future revenue and profitability, and any slowdown could signal challenges in the competitive landscape.

How has ARPU changed compared to the previous quarter?

Changes in ARPU will indicate whether Rogers is successfully monetizing its subscriber base, which is essential for sustaining growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Rogers' network expansion on subscriber growth, which could lead to stronger-than-expected results this quarter.

Supporting Evidence

Rogers has consistently beaten EPS estimates, suggesting operational strength.

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

Recent investments in 5G infrastructure may not yet be fully reflected in subscriber growth projections.

Key Risk

If subscriber growth exceeds 5%, it could significantly shift market sentiment towards a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on subscriber metrics and revenue generation, making these thresholds critical for determining investor sentiment.

Bull Confirmed If

Demonstrating a subscriber growth rate of over 5% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in ARPU by more than 3% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move of about 10.1%, suggesting that traders 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

This setup has occurred 30 times across Communication Services in the last 2 years. 13 of 28 faded and 15 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.1%, with a raw directional average of +2.1% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rogers beats expectations and raises guidance, history suggests a positive reaction, typically around a 1.64% increase in stock price the following day.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience a muted reaction as investors weigh future growth prospects.

Miss

Should Rogers miss expectations, history indicates a potential decline of around 3.16% in stock price, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth metrics and any changes in customer retention strategies.
2Details on ARPU trends and how they compare to previous quarters.
3Information on the progress of network expansion and its impact on service quality.
4Any insights into competitive pressures and how Rogers plans to address them.
5Management's outlook on future growth and potential challenges in the upcoming quarters.

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Company Snapshot

Rogers Communications Inc. (RCI) is a leading provider of wireless telecommunications services in Canada....

Key Metrics to Watch

Subscriber Growth

Tracking subscriber growth is essential as it indicates the company's ability to attract and retain customers in a competitive market.

N/A

Average Revenue Per User (ARPU)

ARPU reflects how much revenue Rogers generates from each customer, which is critical for assessing profitability.

N/A

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 expectations of $0.72. The stock reacted positively, gaining 13.61% the following day, indicating strong market confidence.

Management Promises & Guidance

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

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Rogers' upcoming earnings, given its history of beating EPS estimates. However, concerns about subscriber growth and competitive pressures remain.

Bull Case

If Rogers can demonstrate strong subscriber growth and maintain or increase ARPU, it could lead to a significant positive reaction in the stock price.

Bear Case

On the other hand, if subscriber growth stalls or ARPU declines, it could raise red flags for investors, leading to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current subscriber growth rate?

Subscriber growth is critical for future revenue and profitability, and any slowdown could signal challenges in the competitive landscape.

How has ARPU changed compared to the previous quarter?

Changes in ARPU will indicate whether Rogers is successfully monetizing its subscriber base, which is essential for sustaining growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Rogers' network expansion on subscriber growth, which could lead to stronger-than-expected results this quarter.

Supporting Evidence

Rogers has consistently beaten EPS estimates, suggesting operational strength.

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

Recent investments in 5G infrastructure may not yet be fully reflected in subscriber growth projections.

Key Risk

If subscriber growth exceeds 5%, it could significantly shift market sentiment towards a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on subscriber metrics and revenue generation, making these thresholds critical for determining investor sentiment.

Bull Confirmed If

Demonstrating a subscriber growth rate of over 5% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A decline in ARPU by more than 3% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.1%

Historical Avg

±3.5%

Pricing rich

The options market is pricing in a significant move of about 10.1%, suggesting that traders 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rogers beats expectations and raises guidance, history suggests a positive reaction, typically around a 1.64% increase in stock price the following day.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience a muted reaction as investors weigh future growth prospects.

Miss

Should Rogers miss expectations, history indicates a potential decline of around 3.16% in stock price, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on subscriber growth metrics and any changes in customer retention strategies.
2Details on ARPU trends and how they compare to previous quarters.
3Information on the progress of network expansion and its impact on service quality.
4Any insights into competitive pressures and how Rogers plans to address them.
5Management's outlook on future growth and potential challenges in the upcoming quarters.