T-Mobile (TMUS) Surpasses Q1 Earnings and Revenue Estimates

By Zacks7 days ago

T-Mobile (TMUS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 67.27%. A quarter ago, it was expected that this wireless carrier would post earnings of $0.51 per share when it actually produced earnings of $1.03, delivering a surprise of 101.96%.

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Over the last four quarters, the company has surpassed consensus EPS estimates four times.

T-Mobile, which belongs to the Zacks Wireless National industry, posted revenues of $19.76 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 4.85%. This compares to year-ago revenues of $11.11 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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