NYSE$TDS
Telephone And Data Systems Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
TDS reported mixed Q1 2024 results with revenue decrease but improved profitability.
TDS reported a decrease in total operating revenues to $1,262 million, compared to $1,303 million in the same period last year. Net income attributable to TDS common shareholders was $12 million, a significant improvement from the $(9) million loss in the prior year. UScellular showed improvements in profitability with increased postpaid ARPU and reduced churn, while TDS Telecom saw strong growth in revenue and profitability driven by broadband investments.
- UScellular's service revenues decreased by 2%, but postpaid ARPU grew by 3%.
- UScellular's postpaid churn rate reduced by 4%.
- TDS Telecom's residential broadband connections grew by 6%.
- TDS Telecom's operating revenues grew by 5%, and residential revenues grew by 10%.
Headline financials
Revenue & EPS history
TDS · Revenue · Quarterly
$1.26B
Revenue by segment
TDS · $256M total across 1 segment · Q3 2023
- TDS Telecom$256M+0.0%100.0%
Forward guidance
TDS provided estimates for full-year 2024 results for UScellular and TDS Telecom.
Tailwinds
- UScellular service revenues are expected to be between $2,950 million and $3,050 million.
- UScellular adjusted OIBDA is expected to be between $750 million and $850 million.
- UScellular adjusted EBITDA is expected to be between $920 million and $1,020 million.
- TDS Telecom total operating revenues are expected to be between $1,070 million and $1,100 million.
- TDS Telecom adjusted OIBDA is expected to be between $310 million and $340 million.
Headwinds
- UScellular capital expenditures are expected to be between $550 million and $650 million.
- TDS Telecom adjusted EBITDA is expected to be between $310 million and $340 million.
- TDS Telecom capital expenditures are expected to be between $310 million and $340 million.
- Estimates do not reflect any anticipated costs, expenses or results of the strategic alternatives review.
- There can be no assurance that final results will not differ materially from estimated results.
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 2024
+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 |
|---|---|---|---|---|
| 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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