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Earnings To Watch: Telephone and Data Systems (TDS) Reports Q2 Results Tomorrow

TDS Cover Image

Telecommunications services provider Telephone and Data Systems (NYSE: TDS) will be announcing earnings results this Monday morning. Here’s what to expect.

Telephone and Data Systems missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $1.15 billion, down 8.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Telephone and Data Systems a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Telephone and Data Systems’s revenue to decline 5.6% year on year to $1.17 billion, a further deceleration from the 2.3% decrease it recorded in the same quarter last year.

Telephone and Data Systems Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Telephone and Data Systems has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Telephone and Data Systems’s peers in the telecommunication services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lumen’s revenues decreased 5.4% year on year, missing analysts’ expectations by 0.7%, and Cogent reported a revenue decline of 5.5%, falling short of estimates by 0.7%. Lumen traded down 17.2% following the results while Cogent was up 1%.

Read our full analysis of Lumen’s results here and Cogent’s results here.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the telecommunication services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.2% on average over the last month. Telephone and Data Systems is down 4.3% during the same time and is heading into earnings with an average analyst price target of $51 (compared to the current share price of $37.75).

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