United States Cellular Corp reports results for the quarter ended in June - Earnings Summary

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02/08/2024 15:21

* United States Cellular Corp  USM.N  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of four analysts
for the quarter was for earnings of 14 cents per share. Wall
Street expected results to range from 7 cents to 22 cents per
share.
    * Revenue fell 3.1% to $927.00 million from a year ago;
analysts
expected $925.08 million. 
    * United States Cellular Corp's reported EPS for the quarter
was
20 cents​.
    * The company reported quarterly net income of $17 million.
    * United States Cellular Corp shares had fallen by 2.0% this
quarter and gained 31.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the wireless
telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for United States
Cellular Corp is $59.00 
This summary was machine generated from LSEG data August 2 at
02:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.14           0.20           Beat
 Mar. 31 2024      0.27           0.20           Missed
 Dec. 31 2023      0.04           0.16           Beat
 Sep. 30 2023      0.05           0.26           Beat