The average of price targets set by Wall Street analysts indicates a potential upside of 26% in U.S. Cellular (USM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
U.S. Cellular (USM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does United States Cellular (USM) have what it takes to be a top stock pick for momentum investors? Let's find out.
The consensus price target hints at a 31.8% upside potential for U.S. Cellular (USM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
USM reports a top-line decline year over year, owing to a decrease in postpaid and prepaid retail connections.
Although the revenue and EPS for U.S. Cellular (USM) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
United States Cellular (USM) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.10 per share. This compares to earnings of $0.16 per share a year ago.
Evaluate the expected performance of U.S. Cellular (USM) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Solid momentum in fixed wireless portfolio, strategic divestitures, focus on network advancements and cost optimization are key growth drivers from U.S. Cellular.
United States Cellular Corporation NYSE: USM has seen its share price rise substantially in 2024, up nearly 53%. However, it hasn't been doing so by massively increasing the number of people on United States Cellular's network.
US Cellular's Q3 earnings were disappointing with misses on both EPS and Revenue. If the sale to T-Mobile is approved, US Cellular shareholders are likely to see significant upside from the sale price, additional spectrum sales, and remaining assets. If the sale is not approved, shareholders are left with a struggling and underinvested telecom business.
United States Cellular Corporation (NYSE:USM ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Colleen Thompson - Vice President, Corporate Relations Vicki Villacrez - Executive Vice President and CFO, TDS LT Therivel - President and CEO, UScellular Doug Chambers - Executive Vice President, Chief Financial Officer and Treasurer, UScellular Michelle Brukwicki - Senior Vice President, Finance and CFO, TDS Telecom Conference Call Participants Ric Prentiss - Raymond James Sebastiano Petti - J.P. Morgan Sergey Dluzhevskiy - Gamco Investors Operator Thank you for standing by.