Benzinga | Oct 30, 2020 08:09AM EDT

Shaw Communications: Q4 Earnings Insights

Shares of Shaw Communications (NYSE:SJR) rose 0.8% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 8.33% over the past year to $0.26, which beat the estimate of $0.22.

Revenue of $984,787,000 declined by 4.20% from the same period last year, which missed the estimate of $1,010,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Shaw Communications hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 30, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/shawcomm/mediaframe/41052/indexl.html

Price Action

Company's 52-week high was at $20.90

52-week low: $12.20

Price action over last quarter: down 3.05%

Company Profile

Shaw Communications is a cable company in western Canada, serving as one of the biggest providers of Internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2019, 80% of Shaw's total revenue resulted from this wireline business. Shaw is also now a national wireless service provider after acquiring Wind Mobile in 2016. Shaw has upgraded Wind's network, undertaken an aggressive pricing strategy, and significantly enhanced its spectrum holdings. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.