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 · $299M total across 3 segments · Q2 2025

  • TDS Telecom
    $265M—
  • Array
    $28.5M—
  • All Other
    $5.08M—

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 19 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
Q2 2025———
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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