NYSE$AD

Array Digital Infrastructure Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

U.S. Cellular's fourth quarter results were reported, demonstrating strong ARPU growth and effective cost management.

U.S. Cellular reported total operating revenues of $1,052 million for the fourth quarter of 2019, a slight increase from $1,051 million in the same period last year. Net income attributable to U.S. Cellular shareholders was $18 million, with diluted earnings per share at $0.20. The company's Adjusted EBITDA reached $222 million, compared to $213 million in the same period last year.

  • U.S. Cellular's total operating revenues for Q4 2019 were $1,052 million, slightly up from $1,051 million year-over-year.
  • Net income attributable to U.S. Cellular shareholders for Q4 2019 was $18 million, a decrease from $21 million year-over-year.
  • Diluted earnings per share for Q4 2019 were $0.20, compared to $0.23 in the same period last year.
  • Adjusted EBITDA for Q4 2019 was $222 million, an increase from $213 million year-over-year.

Headline financials

Total Revenue

$1.05B

Previous: $1.05B+0.1%
EPS (adj)

$0.20

Previous: $0.23-13.0%
Net Income

$18M

Previous: $21M-14.3%
Operating Income

-$3M

Previous: $3M-200.0%
Gross Profit

$559M

Previous: $543M+2.9%
Cash & Equivalents

$285M

Previous: $580M-50.9%
Total Assets

$8.16B

Previous: $7.27B+12.2%
Stock-Based Comp

$9M

Previous: $11M-18.2%

Revenue & EPS history

U.S. Cellular · Revenue · Quarterly

$1.05B

Q4 2019+0.1%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

U.S. Cellular provided estimates for full-year 2020 results, including service revenues between $3,000 million and $3,100 million, Adjusted OIBDA between $775 million and $900 million, Adjusted EBITDA between $950 million and $1,075 million, and capital expenditures between $850 million and $950 million.

Tailwinds

  • More compelling unlimited pricing.
  • New brand positioning “Bringing Fairness to Wireless”.
  • New web platform with enhanced capabilities.
  • Significant network improvements.
  • Launch 5G services commercially in two of our markets and continue our VoLTE deployment.

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 Q4 2019

Historical avgQ4 2019

-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%

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