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

Array Digital Infrastructure

03/05/2024 13:43

* United States Cellular Corp  USM.N  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of six analysts
for the quarter was for earnings of 27 cents per share. Wall
Street expected results to range from 20 cents to 40 cents per
share.
    * Revenue fell 3.7% to $950.00 million from a year ago;
analysts
expected $957.81 million. 
    * United States Cellular Corp's reported EPS for the quarter
was
20 cents​.
    * The company reported quarterly net income of $18 million.
    * United States Cellular Corp shares had risen by 2.1% this
quarter and lost 10.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $41.00 
This summary was machine generated from LSEG data May 3 at 12:43
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
 Mar. 31 2024      0.27           0.20           Missed
 Dec. 31 2023      0.04           0.16           Beat
 Sep. 30 2023      0.05           0.26           Beat
 Jun. 30 2023      0.20           0.05           Missed