NYSE$TDS

Telephone And Data Systems Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

TDS reported Q1 2020 results, showing increased revenue and net income compared to the same period last year.

TDS reported total operating revenues of $1,261 million for the first quarter of 2020, compared to $1,257 million for the same period one year ago. Net income attributable to TDS shareholders was $69 million, or $0.59 per share, compared to $59 million, or $0.50 per share, in the same period last year. The company is continuing to provide critical communications and data services during the COVID-19 pandemic, with U.S. Cellular and TDS Telecom meeting increased demands for capacity and higher speeds.

  • TDS Enterprise remains strong during the COVID-19 pandemic.
  • U.S. Cellular is successfully meeting increased demands for capacity on its network.
  • TDS Telecom is experiencing strong demand for wired broadband services as many customers work from home.
  • TDS continues to maintain a strong balance sheet with ample liquidity.

Headline financials

Total Revenue

$1.26B

Previous: $1.26B+0.3%
EPS (adj)

$0.59

Previous: $0.50+18.0%
TDS Telecom Broadband Connections

242.7K

Previous: 236.1K+2.8%
Residential Revenue per Connection

$50.12

Previous: $48.16+4.1%
Free Cash Flow

-$10M

No prior period
Net Income

$69M

Previous: $59M+16.9%
Operating Income

$72M

Previous: $94M-23.4%
Gross Profit

$1.26B

Previous: $1.26B+0.3%
Cash & Equivalents

$421M

Previous: $959M-56.1%
Total Assets

$10.9B

Previous: $10.8B+1.0%
Stock-Based Comp

$11M

Previous: $13M-15.4%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.26B

Q1 2020+0.3%vs Q1 2019
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

TDS · $240M total across 1 segment · Q1 2020

  • TDS Telecom
    $240M

Forward guidance

TDS provided estimates for full-year 2020 results for U.S. Cellular and TDS Telecom, representing management's view as of April 30, 2020, and subject to change due to the uncertainty created by the COVID-19 pandemic.

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 Q1 2020

Historical avgQ1 2020

+0.0%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

38%

15 / 39 earnings

Positive

+67.1%

Q2 2023

Best reaction

-22.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-7.2%-14.0%
Q4 2025-0.7%-0.4%-9.9%
Q3 2025-2.2%+3.2%+2.4%
Q1 2025-8.6%-8.4%-8.7%
Q4 2024-4.2%-9.6%-7.1%
Q3 2024-6.0%+9.4%+14.9%
Q2 2024-9.9%-3.3%+11.9%
Q1 2024-3.1%-5.6%+22.7%
Q4 2023-22.0%-20.6%-16.3%
Q3 2023-4.1%-4.3%+10.9%
Q2 2023+67.1%+111.5%+171.0%
Q1 2023-15.9%-23.8%-26.3%
Q4 2022+17.6%+12.6%-14.7%
Q3 2022-1.7%-33.2%-38.2%
Q2 2022-3.0%+8.6%+2.5%
Q1 2022-2.0%-8.9%-13.1%
Q4 2021-1.9%-17.6%-11.1%
Q3 2021-1.2%-1.0%-9.5%
Q2 2021+0.9%+4.2%+6.4%
Q1 2021+3.6%+5.1%+8.7%
Q4 2020-1.0%-11.5%+11.0%
Q3 2020+2.5%+7.9%+11.1%
Q2 2020-0.7%+18.7%+15.5%
Q1 2020-4.2%-12.0%+0.1%
Q4 2019+0.2%-17.9%-35.6%
Q3 2019-2.2%-8.9%-11.1%
Q2 2019-3.4%-17.1%-22.1%
Q1 2019+0.7%-0.5%-10.7%
Q4 2018-10.8%-12.7%-14.4%
Q3 2018+14.6%+17.8%+19.3%
Q2 2018+4.0%+15.8%+16.4%
Q1 2018-8.0%-2.7%-6.5%
Q4 2017+10.8%+12.0%+10.9%
Q3 2017-6.7%-7.1%-2.0%
Q2 2017+1.2%+1.4%+4.8%
Q1 2017+4.9%+4.3%+11.2%
Q4 2016-8.7%-17.5%-22.6%
Q3 2016+1.1%+3.7%+10.4%
Q2 2016+1.4%-2.5%-8.9%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q2 2012
Q4 2012
Q3 2012
Q1 2012
Q4 2011
Q2 2011
Q3 2011
Q1 2010
Q1 2011
Q4 2008
Q3 2009
Q3 2010
Q2 2009
Q2 2010
Q4 2009

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