Compared to Estimates, TDS (TDS) Q2 Earnings: A Look at Key Metrics

Core Insights - Telephone & Data Systems (TDS) reported revenue of $1.24 billion for the quarter ended June 2024, a decrease of 2.3% year-over-year, with an EPS of -$0.13, an improvement from -$0.17 in the same quarter last year [1] - The reported revenue met the Zacks Consensus Estimate, showing a slight surprise of +0.02%, while the EPS exceeded expectations by +18.75% [1] Revenue and Earnings Performance - TDS Telecom Residential connections - Broadband - Wireline, Expansion: 107.8 thousand, below the average estimate of 110.66 thousand [3] - TDS Telecom Residential connections - Broadband - Wireline, Incumbent: 243.7 thousand, compared to the average estimate of 245.66 thousand [4] - Total TDS Telecom Connections: 1.15 million, slightly below the average estimate of 1.17 million [5] - TDS Telecom Commercial connections - Total: 201.5 thousand, exceeding the average estimate of 199.25 thousand [5] Operating Revenues - Operating Revenues for TDS Telecom: $267 million, closely matching the average estimate of $267.38 million [6] - Operating Revenues for All other: $44 million, surpassing the average estimate of $42.10 million [7] - Operating Revenues for U.S. Cellular: $927 million, slightly above the average estimate of $925.46 million [7] - Operating Revenues for U.S. Cellular - Service: $718 million, below the average estimate of $744.42 million [7] - Operating Revenues for TDS Telecom - Service - Wholesale: $44 million, exceeding the average estimate of $42.10 million [8] - Operating Revenues for TDS Telecom - Service - Commercial: $37 million, slightly above the average estimate of $36.78 million [8] - Operating Revenues for U.S. Cellular - Equipment and product sales: $184 million, closely matching the average estimate of $183.82 million [8] - Operating Revenues for TDS Telecom - Service: $267 million, slightly below the average estimate of $267.14 million [9] Stock Performance - TDS shares have returned +4% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.4% change [9] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [9]