United States Cellular Corp reports results for the quarter ended in March - Earnings Summary

• United States Cellular Corp USM reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of six analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 20 cents to 40 cents per share.

• Revenue fell 3.7% to $950.00 million from a year ago; analysts expected $957.81 million.

• United States Cellular Corp's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $18 million.

• United States Cellular Corp shares had risen by 2.1% this quarter and lost 10.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the wireless telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for United States Cellular Corp is $41.00

This summary was machine generated from LSEG data May 3 at 12:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)