Telus (TU) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Telus (TU) reported $3.65 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 3.8%. EPS of $0.17 for the same period compares to $0.18 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.72 billion, representing a surprise of -1.88%. The company delivered an EPS surprise of -1.16%, with the consensus EPS estimate being $0.17.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Telus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Net Additions - Mobile Phone: 12 thousand versus 14 thousand estimated by three analysts on average.
  • Mobile phone churn, per month: 1.4% compared to the 1.1% average estimate based on three analysts.
  • Net Additions - Internet: 21 thousand versus 19.3 thousand estimated by three analysts on average.
  • Net Additions - Connected Device: 229 thousand versus the three-analyst average estimate of 125.75 thousand.
  • Mobile phone gross additions: 428 thousand versus the two-analyst average estimate of 345.2 thousand.
  • Total telecom subscriber connection net additions: 262 thousand compared to the 198.41 thousand average estimate based on two analysts.
  • Subscribers - Internet: 2.81 million versus 2.84 million estimated by two analysts on average.
  • Subscribers - Connected Device: 4.6 million compared to the 4.59 million average estimate based on two analysts.
  • Subscribers - Mobile Phone: 10.32 million compared to the 10.34 million average estimate based on two analysts.
  • Total telecom subscriber connections: 17.72 million versus the two-analyst average estimate of 21.36 million.

View all Key Company Metrics for Telus here>>>

Shares of Telus have returned +9.5% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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