NYSE$TDS

Telephone And Data Systems Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

TDS Enterprise executed on strategic priorities, with UScellular improving its high-performing network and TDS Telecom progressing in its new fiber expansion markets.

TDS reported total operating revenues of $1,328 million for the third quarter of 2021, compared to $1,324 million for the same period one year ago. Net income attributable to TDS common shareholders was $28 million, or $0.24 per share, compared to $78 million, or $0.66 per share, in the same period one year ago. TDS Telecom achieved excellent growth in broadband connections, which helped drive higher operating revenues for the quarter.

  • UScellular is continuing to make improvements in its high-performing network.
  • TDS Telecom is making progress in its new fiber expansion markets.
  • TDS Telecom achieved excellent growth in broadband connections, which helped drive higher operating revenues for the quarter.
  • TDS Telecom has deployed fiber to 40% of its wireline service addresses and will offer 2Gig speeds in all of its fiber expansion markets going forward.

Headline financials

Total Revenue

$1.33B

Previous: $1.32B+0.3%
EPS (adj)

$0.24

Previous: $0.66-63.6%
TDS Telecom Broadband Connections

487.4K

Previous: 260.7K+87.0%
Residential Revenue per Connection

$57.75

Previous: $51.45+12.2%
Capital Expenditures

$726M

No prior period
Free Cash Flow

$114M

Previous: $55M+107.3%
Net Income

$40M

Previous: $78M-48.7%
Operating Income

$69M

Previous: $87M-20.7%
Gross Profit

$1.33B

Previous: $1.32B+0.3%
Cash & Equivalents

$725M

Previous: $1.08B-32.6%
Total Assets

$13.4B

Previous: $11.9B+13.0%
Stock-Based Comp

$11M

Previous: $14M-21.4%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.33B

Q3 2021+0.3%vs Q3 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

TDS · $312M total across 2 segments · Q3 2021

  • TDS Telecom
    $252M+2.0%
  • All Other
    $60M+20.0%

Forward guidance

TDS’ current estimates of full-year 2021 results for UScellular and TDS Telecom are shown below.

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 2021

Historical avgQ3 2021

+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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