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.
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No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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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.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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