NYSE$TDS
Telephone And Data Systems Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
TDS reported mixed Q1 2022 results with slight revenue decline offset by growth in TDS Telecom, and reaffirmed 2022 guidance.
TDS reported total operating revenues of $1,315 million for the first quarter of 2022, a slight decrease from $1,318 million in the same period last year. Net income attributable to TDS common shareholders was $44 million, or $0.37 per share, compared to $57 million, or $0.48 per share, in the prior year. TDS Telecom saw growth in residential broadband connections and revenue, while UScellular focused on growth areas like prepaid and fixed wireless.
- TDS Family of Companies is making meaningful progress on strategic priorities.
- UScellular's first quarter results delivered growth in retail service revenue, driven by the positive impact of higher ARPU.
- TDS Telecom increased residential broadband connections, which contributed to strong residential broadband revenue growth in the quarter.
- TDS Telecom announced new fiber-to-the-home expansion markets in Montana and Wisconsin.
Headline financials
Revenue & EPS history
TDS · Revenue · Quarterly
$1.32B
Revenue by segment
TDS · $505M total across 2 segments · Q1 2022
- All Other$254M+74.0%50.3%
- TDS Telecom$251M+0.8%49.7%
Forward guidance
TDS reaffirmed its full-year 2022 estimated results for UScellular and TDS Telecom. Estimates represent management's view as of May 5, 2022.
Tailwinds
- UScellular service revenues are projected to be between $3,100 million and $3,200 million.
- UScellular adjusted OIBDA is estimated to be between $750 million and $900 million.
- UScellular adjusted EBITDA is projected to be between $925 million and $1,075 million.
- UScellular capital expenditures are expected to be between $700 million and $800 million.
- TDS Telecom total operating revenues are projected to be between $1,010 million and $1,040 million.
Headwinds
- TDS Telecom adjusted OIBDA is estimated to be between $260 million and $290 million.
- TDS Telecom adjusted EBITDA is projected to be between $260 million and $290 million.
- TDS Telecom capital expenditures are expected to be between $500 million and $550 million.
- Final results could differ materially from estimated results.
- TDS undertakes no duty to update such estimates, whether as a result of new information, future events, or otherwise.
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 2022
+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
| Quarter | Report date | Reaction (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% | |
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