01:01 PM EDT, 06/26/2024 (MT Newswires) -- BCE reports its second quarter results on August 1.

National Bank is forecasting revenue of $6,032 million, EBITDA $2,679 million, Adj. EPS $0.78 & FCF $828 million following cuts to its estimates which were above Street except for FCF.

"While we have higher Media expectations given a likely advertising boost from evolving Euro 2024, we now expect even weaker Wireless ARPU amid ongoing competitive industry pricing tactics that seem excessive and are undermining growth," writes analyst Adam Shine.

He anticipates restructuring savings of >$35 million after $16 million in Q1, as workforce cuts should step-up in the second half and savings build to $250 million run-rate ($150 million-$200 million in 2024).

Target to $50 (from $52). Maintain Outperform.

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