11:00 AM EDT, 10/11/2024 (MT Newswires) -- In his preview of Quebecor's third quarter results, National Bank analyst Adam Shine is looking for revenue of $1380 million (was $1406 million) and Adj. EPS $0.79 (was $0.86).

According to Shine, the third quarter has three components to highlight: 1) better wireless loading, 2) pushing back against aggressive Internet discounting by Bell which likely delivered improvement to RGU losses at the expense of ARPU, and 3) at least a $17 million unfavourable variance in stock-based compensation.

Quebecor is rated Outperform, with a $40 target.

Quebecor reports its third quarter results on November 7.

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