Why Rogers Communications Stock Soared This Week

1 hour ago 3

Keith Noonan, The Motley Fool

Sat, April 25, 2026 astatine 12:22 PM CDT 3 min read

Rogers Communications (NYSE: RCI) banal posted important gains implicit the past week of trading. The company's stock terms gained 8.2% crossed the agelong and had concisely been up arsenic overmuch arsenic 11.7%. Meanwhile, the S&P 500 gained astir 0.5% successful the week, and the Nasdaq Composite's level roseate 1.5%.

Stocks broadly moved higher this week connected hopes that the warfare successful Iran volition proceed winding down, and Rogers banal besides got a boost from the company's first-quarter results. Despite the post-earnings popular this week, Rogers is inactive down 4.4% twelvemonth to date.

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Rogers recorded net per stock of 1.01 Canadian dollars (CAD) connected gross of 5.48 cardinal CAD. While the company's per-share nett came successful astir 0.01 CAD beneath expectations, the show inactive represented an betterment implicit the net of 0.99 per stock recorded successful the prior-year period. More importantly, income for the play grew 10% year implicit year and importantly exceeded the mean Wall Street expert estimate. With the concern unexpectedly posting double-digit income maturation successful the quarter, the humble miss connected net looks similar nary existent concern.

Rogers is guiding for yearly gross to summation betwixt 3% and 5% this year. While that suggests a important deceleration compared to the maturation complaint successful Q1, it reiterated the guidance absorption issued with the company's Q4 study -- and caller momentum suggests the concern could station show astatine the higher extremity of that people range. Competition successful the telecom abstraction is apt to stay intense, but the company's caller quarterly study and guidance were encouraging due to the fact that they enactment the thesis that the concern is inactive susceptible of astatine slightest delivering mid-single-digit growth.

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