NYSE$TDS

Telephone And Data Systems Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

TDS reported mixed results with revenue growth offset by increased investments in growth initiatives.

TDS reported Q3 2022 results with total operating revenues of $1,392 million, a 5% increase compared to the same period last year. However, net loss attributable to TDS common shareholders was $(25) million, or $(0.22) per share, compared to a net income of $28 million, or $0.24 per share, in the same period last year. Profitability was impacted by investments in growth initiatives.

  • UScellular's 5G and network modernization programs are on track.
  • TDS Telecom is expanding its broadband business.
  • UScellular experienced strong ARPU growth.
  • TDS Telecom's fiber investments are driving revenue and broadband connection growth.

Headline financials

Total Revenue

$1.39B

Previous: $1.33B+4.8%
EPS (adj)

-$0.22

Previous: $0.24-191.7%
TDS Telecom Broadband Connections

506.5K

Previous: 487.4K+3.9%
Residential Revenue per Connection

$60.32

Previous: $57.75+4.5%
Capital Expenditures

-$794M

Previous: $726M-209.4%
Free Cash Flow

$107M

Previous: $114M-6.1%
Net Income

-$8M

Previous: $40M-120.0%
Operating Income

-$11M

Previous: $69M-115.9%
Gross Profit

$1.39B

Previous: $1.33B+4.8%
Cash & Equivalents

$442M

Previous: $725M-39.0%
Total Assets

$14.5B

Previous: $13.4B+7.7%
Stock-Based Comp

$9M

Previous: $11M-18.2%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.39B

Q3 2022+4.8%vs Q3 2021
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

TDS · $309M total across 2 segments · Q3 2022

  • TDS Telecom
    $256M+1.6%
  • All Other
    $53M-11.7%

Forward guidance

TDS provided estimates for full-year 2022 results for UScellular and TDS Telecom.

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 2022

Historical avgQ3 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

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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