NYSE$AD

Array Digital Infrastructure Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

UScellular had a strong start to 2021 with service revenues increasing and positive impact of higher ARPU.

UScellular reported strong first quarter 2021 results with total operating revenues of $1,023 million, compared to $963 million in the same period last year. Net income attributable to UScellular shareholders was $60 million, with diluted earnings per share of $0.69.

  • First quarter service revenues increased, showing the positive impact of higher ARPU.
  • Postpaid and prepaid handset additions strengthened compared to the same period one year ago.
  • 5G and network modernization programs are on track, offering 5G in portions of substantially all markets.
  • New brand campaign highlights community-first approach.

Headline financials

Total Revenue

$1.02B

Previous: $963M+6.2%
EPS (adj)

$0.69

Previous: $0.81-14.8%
Net Income

$60M

Previous: $71M-15.5%
Operating Income

$84M

Previous: $50M+68.0%
Gross Profit

$1.02B

Previous: $963M+6.2%
Cash & Equivalents

$479M

Previous: $258M+85.7%
Total Assets

$10.1B

Previous: $8.25B+23.0%
Stock-Based Comp

$6M

Previous: $7M-14.3%

Revenue & EPS history

U.S. Cellular · Revenue · Quarterly

$1.02B

Q1 2021+6.2%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

UScellular's current estimates of full-year 2021 results are shown below. Such estimates represent management’s view as of May 6, 2021 and should not be assumed to be current as of any future date.

Tailwinds

  • Service revenues $3,050-$3,150 million
  • Adjusted OIBDA $850-$950 million
  • Adjusted EBITDA $1,025-$1,125 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+3.2%

Avg return

30 days after

40%

27 / 68 earnings

Positive

+78.6%

Q2 2023

Best reaction

-22.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+13.1%+2.5%
Q4 2025-1.7%-2.5%-9.8%
Q3 2025-2.6%-1.3%+5.1%
Q1 2025-8.5%-7.7%-10.0%
Q4 2024-2.4%-2.3%+1.0%
Q3 2024-4.2%+5.6%+2.9%
Q2 2024-10.2%-4.6%+1.7%
Q1 2024-3.1%-3.4%+48.8%
Q4 2023-21.0%-20.5%-16.4%
Q3 2023-0.8%-0.2%+11.2%
Q2 2023+78.6%+114.5%+162.5%
Q1 2023-14.1%-22.7%-26.5%
Q4 2022+18.8%+13.5%-7.5%
Q3 2022-22.7%-29.6%-34.5%
Q2 2022+3.9%+7.3%-4.5%
Q1 2022-3.5%-6.0%-2.8%
Q4 2021-9.7%-14.6%-4.7%
Q3 2021-0.8%-0.5%-8.5%
Q2 2021-1.5%+0.0%+3.2%
Q1 2021+1.1%+4.4%+8.2%
Q4 2020-5.0%-12.2%+6.8%
Q3 2020-1.6%+6.0%+6.4%
Q2 2020+18.2%+18.7%+19.7%
Q1 2020-8.4%-9.4%-4.0%
Q4 2019-10.8%-15.5%-22.1%
Q3 2019-16.7%-5.6%-10.3%
Q2 2019-20.2%-21.8%-24.8%
Q1 2019+3.6%-1.1%-10.6%
Q4 2018-14.5%-16.7%-16.5%
Q3 2018+10.9%+14.2%+17.6%
Q2 2018+14.4%+19.1%+20.8%
Q1 2018-2.8%-5.0%-9.2%
Q4 2017+9.3%+17.8%+21.4%
Q3 2017-3.7%-6.3%+2.4%
Q2 2017+4.9%+3.5%+2.1%
Q1 2017+5.5%+5.0%+9.8%
Q4 2016-12.9%-15.7%-18.0%
Q3 2016+1.6%+2.9%+14.7%
Q2 2016+0.2%+0.8%-4.3%
Q1 2016-10.5%
Q4 2015-3.2%
Q3 2015+14.0%
Q2 2015+8.4%
Q1 2015+3.8%
Q4 2014+1.0%
Q3 2014+3.1%
Q2 2014-14.0%
Q1 2014+0.3%
Q4 2013-7.8%
Q3 2013-3.5%
Q4 2012-1.8%
Q2 2013+4.4%
Q1 2013-2.0%
Q2 2012-4.5%
Q3 2012-13.5%
Q1 2012-0.2%
Q4 2011-1.1%
Q2 2011-1.1%
Q3 2011-0.2%
Q1 2011+3.3%
Q1 2010+3.3%
Q4 2008+4.4%
Q4 2010+4.4%
Q3 2010+0.6%
Q3 2009+0.6%
Q4 2009-2.9%
Q2 2010-2.9%
Q2 2009-2.9%

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