After a remarkable 42% rise in share price since the beginning of the year, T-Mobile US Inc. (NASDAQ: TMUS) has seen its stock reach all-time highs. On October 25, analysts at Raymond James downgraded the company's rating from “Outperform” to “Market Perform.
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T-Mobile US, Inc. has become the largest U.S. carrier as a result of intelligent prior decisions. The company now trades at a 7% FCF yield with lower shareholder returns. Going forward, we rate T-Mobile as a hold at this time given its future competition.
TMUS reports a top-line expansion year over year in the third quarter, backed by solid demand for postpaid services. Healthy growth in free cash flow is a tailwind.
T-Mobile US, Inc. TMUS reported better-than-expected third-quarter financial results and raised its FY24 guidance on Wednesday.
T-Mobile US, Inc. (NASDAQ:TMUS ) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET Company Participants Kathy Au - SVP, IR Mike Sievert - President, Chief Executive Officer Peter Osvaldik - Chief Financial Officer Ulf Ewaldsson - President of Technology Jon Freier - President, Consumer Group Callie Field - President, T-Mobile Business Group Michael Katz - President, Marketing, Strategy and Products Mark Nelson - Executive Vice President & General Counsel Conference Call Participants Simon Flannery - Morgan Stanley John Hodulik - UBS David Barden - Bank of America Michael Rollins - Citi Jonathan Chaplin - New Street Research Craig Moffett - MoffettNathanson Jim Schneider - Goldman Sachs Peter Supino - Wolfe Research Sam McHugh - BNP Paribas Kannan Venkateshwar - Barclays Eric Luebchow - Wells Fargo Operator Good afternoon. All participants will be in a listen-only mode.
Although the revenue and EPS for T-Mobile (TMUS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
T-Mobile (TMUS) came out with quarterly earnings of $2.61 per share, beating the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $1.82 per share a year ago.
'Closing Bell Overtime' delivers Q3 earnings results for T-Mobile.
T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers opted for its discounted plans that bundle streaming services like Netflix.
TMUS is expected to report top-line growth year over year, backed by growing demand for postpaid services. Focus on improving customer service is a positive.