Telephone and Data Systems Inc reports results for the quarter ended in March - Earnings Summary

Telephone and Data Systems

03/05/2024 14:20

* Telephone and Data Systems Inc  TDS.N  reported quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
three analysts for the quarter was for a loss of 5 cents per
share. Wall Street expected results to range from -15 cents to 8
cents per share.
    * Revenue fell 3.1% to $1.26 billion from a year ago;
analysts
expected $1.26 billion. 
    * Telephone and Data Systems Inc's reported EPS for the
quarter
was 10 cents​.
    * The company reported quarterly net income of $12 million.
    * Telephone and Data Systems Inc shares had risen by 1.2%
this
quarter and lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 117.2% 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," 2
"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 Telephone and
Data Systems Inc is $25.00 
This summary was machine generated from LSEG data May 3 at 01:20
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      -0.05          0.10           Beat
 Dec. 31 2023      -0.12          -0.11          Beat
 Sep. 30 2023      -0.11          -0.16          Missed
 Jun. 30 2023      -0.04          -0.17          Missed