United States Cellular Corp reports results for the quarter ended in September 30 - Earnings Summary

Array Digital Infrastructure

01/11/2024 14:32

* United States Cellular Corp  USM.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of five analysts for the quarter was for earnings of
13 cents per share. Wall Street expected results to range from
-2 cents to 31 cents per share.
    * Revenue fell 4.3% to $922.00 million from a year ago;
analysts
expected $939.81 million. 
    * United States Cellular Corp's reported EPS for the quarter
was a
loss of 92 cents​.
    * The company reported a quarterly loss of $79 million.
    * United States Cellular Corp shares had risen by 12.9% this
quarter and gained 48.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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 November 1 at
02:31 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
 Sep. 30 2024      0.13           0.26           Beat
 Jun. 30 2024      0.14           0.20           Beat
 Mar. 31 2024      0.27           0.20           Missed
 Dec. 31 2023      0.04           0.16           Beat