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Stronger prints on Q4 GDP (preliminary, subject to two future revisions), inventory levels, Q4 earnings (for the most part) and new home sales helped buoy bullish sentiment yet again.
Although the revenue and EPS for T-Mobile (TMUS) give a sense of how its business performed in the quarter ended December 2023, 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 $1.67 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.18 per share a year ago.
Mike Sievert, T-Mobile CEO, joins 'Closing Bell Overtime' to talk quarterly results, the possibility of price increases, job cuts and more.
Beyond analysts' top -and-bottom-line estimates for T-Mobile (TMUS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
T-Mobile's (TMUS) top line is expected to be affected by fierce competition in the U.S. wireless market and macroeconomic challenges in the fourth quarter. Strong emphasis on innovation and efforts to extend its 5G coverage are tailwinds.
Relative to the broader Communication Services Select Sector SPDR Fund NYSEARCA: XLC, telecoms as a group lagged in the past week, although T-Mobile US Inc. NASDAQ: TMUS advanced .60%, making it one of the sector's top performers.
T-Mobile is set to report its Q4 2023 results on January 27. We expect the carrier's earnings to come in at about $1.90 per share, slightly ahead of the consensus estimate.
SpaceX on Wednesday announced the successful demonstration of texting via recently launched Starlink satellites through T-Mobile's network.
Apple should remain a highly-recognized and admired brand. T-Mobile has the highest returns among U.S. telecom stocks.