NYSE$AD

Array Digital Infrastructure Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

U.S. Cellular's third quarter results show continued growth in retail service revenue, driven in part by the positive impact of postpaid ARPU. Prepaid results have also continued to improve as we have progressed through the year.

UScellular reported total operating revenues of $1,016 million for the third quarter of 2021, versus $1,027 million for the same period one year ago. Net income attributable to UScellular shareholders and related diluted earnings per share were $34 million and $0.38, respectively, for the third quarter of 2021 compared to $85 million and $0.97, respectively, in the same period one year ago.

  • Continued growth in retail service revenue, driven in part by the positive impact of postpaid ARPU.
  • Prepaid results have also continued to improve as we have progressed through the year.
  • Business and government and tower operations are gaining momentum towards the growth.
  • Network performance is a hallmark of our value proposition. 5G and network modernization programs are on track.

Headline financials

Total Revenue

$1.02B

Previous: $1.03B-1.1%
EPS (adj)

$0.38

Previous: $0.97-60.8%
Capital Expenditures

$456M

No prior period
Free Cash Flow

$129M

Previous: $38M+239.5%
Net Income

$34M

Previous: $85M-60.0%
Operating Income

$45M

Previous: $65M-30.8%
Gross Profit

$1.02B

Previous: $1.03B-1.1%
Cash & Equivalents

$231M

Previous: $931M-75.2%
Total Assets

$10.1B

Previous: $9.18B+10.5%
Stock-Based Comp

$8M

Previous: $8M+0.0%

Revenue & EPS history

U.S. Cellular · Revenue · Quarterly

$1.02B

Q3 2021-1.1%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

UScellular’s current estimates of full-year 2021 results are shown below. Such estimates represent management’s view as of November 4, 2021 and should not be assumed to be current as of any future date.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 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+13.3%+2.7%+2.4%
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%
Q2 2011-1.1%
Q4 2011-1.1%
Q3 2011-0.2%
Q1 2010+3.3%
Q1 2011+3.3%
Q4 2008+4.4%
Q4 2010+4.4%
Q3 2010+0.6%
Q3 2009+0.6%
Q2 2010-2.9%
Q4 2009-2.9%
Q2 2009-2.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro