We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, TDS (TDS) Q1 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Telephone & Data Systems (TDS - Free Report) reported $1.26 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.2%. EPS of $0.10 for the same period compares to -$0.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.26 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +145.45%, with the consensus EPS estimate being -$0.22.
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 TDS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
TDS Telecom Residential connections - Broadband - Wireline, Incumbent: 245.1 thousand versus the three-analyst average estimate of 244.55 thousand.
TDS Telecom Connections - Total: 1,162.2 thousand versus the three-analyst average estimate of 1,165.02 thousand.
TDS Telecom Commercial connections - Total: 206.2 thousand compared to the 205.03 thousand average estimate based on three analysts.
TDS Telecom Residential connections - Total: 956.1 thousand compared to the 960 thousand average estimate based on three analysts.
Operating Revenues- U.S. Cellular: $950 million versus $956.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
Operating Revenues- TDS Telecom: $266 million versus the four-analyst average estimate of $258.31 million.
Operating Revenues- All other: $46 million versus the four-analyst average estimate of $54.93 million. The reported number represents a year-over-year change of -28.1%.
Operating Revenues- TDS Telecom- Service- Wholesale: $44 million compared to the $39.50 million average estimate based on three analysts.
Operating Revenues- TDS Telecom- Service- Residential: $185 million versus $179.74 million estimated by three analysts on average.
Operating Revenues- TDS Telecom- Service- Commercial: $37 million versus the three-analyst average estimate of $37.72 million.
Operating Revenues- U.S. Cellular- Equipment and product sales: $196.46 million versus $214.01 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.3% change.
Operating Revenues- U.S. Cellular- Service: $753.90 million versus the three-analyst average estimate of $744.83 million. The reported number represents a year-over-year change of -1.7%.
Shares of TDS have returned +3.3% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, TDS (TDS) Q1 Earnings: A Look at Key Metrics
Telephone & Data Systems (TDS - Free Report) reported $1.26 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.2%. EPS of $0.10 for the same period compares to -$0.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.26 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +145.45%, with the consensus EPS estimate being -$0.22.
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 TDS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- TDS Telecom Residential connections - Broadband - Wireline, Incumbent: 245.1 thousand versus the three-analyst average estimate of 244.55 thousand.
- TDS Telecom Connections - Total: 1,162.2 thousand versus the three-analyst average estimate of 1,165.02 thousand.
- TDS Telecom Commercial connections - Total: 206.2 thousand compared to the 205.03 thousand average estimate based on three analysts.
- TDS Telecom Residential connections - Total: 956.1 thousand compared to the 960 thousand average estimate based on three analysts.
- Operating Revenues- U.S. Cellular: $950 million versus $956.33 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change.
- Operating Revenues- TDS Telecom: $266 million versus the four-analyst average estimate of $258.31 million.
- Operating Revenues- All other: $46 million versus the four-analyst average estimate of $54.93 million. The reported number represents a year-over-year change of -28.1%.
- Operating Revenues- TDS Telecom- Service- Wholesale: $44 million compared to the $39.50 million average estimate based on three analysts.
- Operating Revenues- TDS Telecom- Service- Residential: $185 million versus $179.74 million estimated by three analysts on average.
- Operating Revenues- TDS Telecom- Service- Commercial: $37 million versus the three-analyst average estimate of $37.72 million.
- Operating Revenues- U.S. Cellular- Equipment and product sales: $196.46 million versus $214.01 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.3% change.
- Operating Revenues- U.S. Cellular- Service: $753.90 million versus the three-analyst average estimate of $744.83 million. The reported number represents a year-over-year change of -1.7%.
View all Key Company Metrics for TDS here>>>Shares of TDS have returned +3.3% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.