Telephone & Data Systems (TDS - Free Report) reported $1.28 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.2%. EPS of -$0.16 for the same period compares to -$0.22 a year ago.
The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $1.28 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -45.45%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 248.8 thousand versus 249.64 thousand estimated by three analysts on average.
- TDS Telecom Connections - Total: 1,166.4 thousand versus the three-analyst average estimate of 1,164.93 thousand.
- TDS Telecom Commercial connections - Total: 217.4 thousand compared to the 216.81 thousand average estimate based on three analysts.
- TDS Telecom Residential connections - Total: 949 thousand versus the three-analyst average estimate of 948.12 thousand.
- Operating Revenues- U.S. Cellular: $963 million versus the four-analyst average estimate of $975.93 million. The reported number represents a year-over-year change of -11.1%.
- Operating Revenues- TDS Telecom: $256 million versus $263.11 million estimated by four analysts on average.
- Operating Revenues- TDS Telecom- Service- Wholesale: $42 million versus $42.40 million estimated by three analysts on average.
- Operating Revenues- All other: $59 million compared to the $42.50 million average estimate based on three analysts. The reported number represents a change of +11.3% year over year.
- Operating Revenues- U.S. Cellular- Equipment and product sales: $201 million versus $220.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -33.4% change.
- Operating Revenues- U.S. Cellular- Service: $737 million versus the three-analyst average estimate of $756.94 million. The reported number represents a year-over-year change of -5.6%.
- Operating Revenues- TDS Telecom- Service- Commercial: $38 million versus $41.66 million estimated by three analysts on average.
- Operating Revenues- TDS Telecom- Service- Residential: $177 million versus $179.93 million estimated by three analysts on average.
View all Key Company Metrics for TDS here>>>Shares of TDS have returned +14.4% over the past month versus the Zacks S&P 500 composite's +0.8% 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.
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Telephone & Data Systems (TDS - Free Report) reported $1.28 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.2%. EPS of -$0.16 for the same period compares to -$0.22 a year ago.
The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $1.28 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -45.45%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 248.8 thousand versus 249.64 thousand estimated by three analysts on average.
- TDS Telecom Connections - Total: 1,166.4 thousand versus the three-analyst average estimate of 1,164.93 thousand.
- TDS Telecom Commercial connections - Total: 217.4 thousand compared to the 216.81 thousand average estimate based on three analysts.
- TDS Telecom Residential connections - Total: 949 thousand versus the three-analyst average estimate of 948.12 thousand.
- Operating Revenues- U.S. Cellular: $963 million versus the four-analyst average estimate of $975.93 million. The reported number represents a year-over-year change of -11.1%.
- Operating Revenues- TDS Telecom: $256 million versus $263.11 million estimated by four analysts on average.
- Operating Revenues- TDS Telecom- Service- Wholesale: $42 million versus $42.40 million estimated by three analysts on average.
- Operating Revenues- All other: $59 million compared to the $42.50 million average estimate based on three analysts. The reported number represents a change of +11.3% year over year.
- Operating Revenues- U.S. Cellular- Equipment and product sales: $201 million versus $220.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -33.4% change.
- Operating Revenues- U.S. Cellular- Service: $737 million versus the three-analyst average estimate of $756.94 million. The reported number represents a year-over-year change of -5.6%.
- Operating Revenues- TDS Telecom- Service- Commercial: $38 million versus $41.66 million estimated by three analysts on average.
- Operating Revenues- TDS Telecom- Service- Residential: $177 million versus $179.93 million estimated by three analysts on average.
View all Key Company Metrics for TDS here>>>Shares of TDS have returned +14.4% over the past month versus the Zacks S&P 500 composite's +0.8% 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.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on TDS - FREE