NYSE$TDS

Telephone And Data Systems Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

UScellular and TDS Telecom reported strong subscriber and financial results, driving increases to 2020 guidance.

TDS reported total operating revenues of $1,324 million for the third quarter of 2020, versus $1,321 million for the same period one year ago. Net income attributable to TDS shareholders and related diluted earnings per share were $78 million and $0.66, respectively.

  • The TDS Enterprise had a strong quarter.
  • Impressive financial results produced by UScellular and TDS Telecom demonstrate how much our customers value our essential communications and high-quality data services.
  • UScellular churn remained very low and retail net additions grew through an increase in connected devices.
  • TDS Telecom grew its Wireline video and broadband connections, and combined with demand for higher broadband speeds, drove increases in average residential revenue per connection and total residential revenue.

Headline financials

Total Revenue

$1.32B

Previous: $1.32B+0.2%
EPS (adj)

$0.66

Previous: $0.15+340.0%
TDS Telecom Broadband Connections

260.7K

No prior period
Residential Revenue per Connection

$51.45

No prior period
Free Cash Flow

$55M

No prior period
Net Income

$78M

Previous: $18M+333.3%
Operating Income

$87M

Previous: $29M+200.0%
Gross Profit

$1.32B

Previous: $1.32B+0.2%
Cash & Equivalents

$1.08B

Previous: $853M+26.1%
Total Assets

$11.9B

Previous: $10.9B+9.3%
Stock-Based Comp

$14M

Previous: $14M+0.0%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.32B

Q3 2020+0.2%vs Q3 2019
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

TDS · $297M total across 2 segments · Q3 2020

  • TDS Telecom
    $247M
  • All Other
    $50M

Forward guidance

TDS’ current estimates of full-year 2020 results for UScellular and TDS Telecom are shown below. Such estimates represent management’s view as of November 5, 2020.

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 Q3 2020

Historical avgQ3 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro