Earnings To Watch: Telephone and Data Systems (TDS) Reports Q1 Results Tomorrow

Telecommunications services provider Telephone and Data Systems (NYSE:TDS) will be reporting earnings tomorrow before market open. Here’s what to look for.

Telephone and Data Systems beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.24 billion, down 5.5% year on year. It was an exceptional quarter for the company, with an impressive beat 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 6.6% year on year to $1.18 billion, a further deceleration from the 3.1% decrease it recorded in the same quarter last year.

Analysts covering the company have generally 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, only Iridium has reported results so far. It beat analysts’ revenue estimates by 0.7%, delivering year-on-year sales growth of 5.4%. The stock was down 7.1% on the results.

Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability 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 3.6% on average over the last month. Telephone and Data Systems is down 5.1% during the same time and is heading into earnings with an average analyst price target of $53.50 (compared to the current share price of $37.49).

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