BT is forecast for a tiny amount of revenue growth in its first-quarter by Citi, though the broker says the outcome of the potential company-wide strike by the CWU will be the focus.
Growth in the consumer and broadband arms will offset declines in Enterprise and GS, leading to overall revenue for the group to grow by 0.6% in the first quarter, forecasts Citi.
Underlying profits (EBITDA) will grow 1.6% year-on-year (yoy) with a focus by management on improving average revenue use and churn impact from the April price increase alongside any potential cost impact from the CWU decision.
Neutral in the investment view with a 185p target ahead of the announcement on 28 July.
Shares today rose by 2.2% to 189.4p.