Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Telephone and Data Systems, Inc. (TDS)
NYSECommunication ServicesTelecommunications ServicesSnapshot 2026-11-04
$32.36-10.14%
Close 2026-11-05 · 1-day change
NYSECommunication ServicesTelecommunications ServicesSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.22 → 0.22 EPS · FY ending Dec 31, 2027 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for TDS yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Dividend per share remains stable at $0.04 | The company maintains a stable dividend of $0.04 per share. | Intact | Dividend per share falls below $0.04 | Dividend per share: $0.04 per share FY2026-Q2; GAAP. Published target: >= $0.04 per share. Target period is not explicitly aligned with this observation. Aug 7, 20260.04 USD/share · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 6, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
TDS is a multi-year infrastructure and growth story, built around expanding fiber broadband and improving tower operations. The thesis is intact, with strong recent financial performance and robust earnings quality, though company momentum has eased.
The evidence characterizes valuation as cheap versus peers, with a negative expectations gap, meaning expectations appear less demanding than the model’s view. The priced-in tag is justified and fragility is low, but valuation confidence is medium.
In the near term, recent execution supports the business: fiber footprint and connections expanded, tower rental revenue grew, and spectrum sales brought in proceeds. Management raised capital spending guidance to support fiber expansion, while the sector backdrop remains a headwind and momentum has fallen from its prior level.
Over the next few quarters, execution depends on continued fiber growth, tower tenancy progress, and disciplined delivery of the higher spending plan. A guidance reversal after the recent increase would damage management credibility, while lower interest rates or strong results from major telecom peers could provide a sector tailwind.
For the next 1 to 3 years, TDS’s long-term thesis rests on continued delivery in fiber and tower operations, with moderate risk and a challenging sector backdrop. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| Operating income improved from -$34M to $144M. |
| Intact |
| Operating income falls below $0 in future quarters |
Operating income: $373.212M FY2026-Q2; GAAP. Published target: >= $143.8 million. Target period is not explicitly aligned with this observation. Aug 7, 2026373,212,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue grows to at least $1.215 billion in FY26 | A primary condition in Telephone and Data Systems, Inc.'s published investment case. The stated target is >= $1.215 billion. | Broken | Revenue falls below $1.03 billion in FY26 | Revenue: $309.281M FY2026-Q2; GAAP. Published target: >= $1.215 billion. Annual target cannot be compared with a quarterly or TTM observation. Aug 7, 2026309,281,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.13 → $0.22 · observed estimates
$1.26B → $1.25B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-07-25 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-07-26 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-07-27 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-07-28 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-07-29 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-07-30 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-07-31 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-08-01 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-02 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-03 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-04 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-05 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-08-06 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-08-08 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-09 | $0.23 | $1,255,098,720 | 2 / 3 |
| 2026-08-10 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-12 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-13 | $0.28 | $1,260,113,380 | 2 / 3 |
| 2026-08-14 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-15 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-16 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-17 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-18 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-19 | $0.13 | $1,255,154,383 | 1 / 2 |
| 2026-08-20 | $0.22 | $1,253,864,935 | 1 / 2 |
| 2026-08-21 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-22 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-23 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-24 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-25 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-26 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-27 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-28 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-29 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-30 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-08-31 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-01 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-02 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-03 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-04 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-05 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-06 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-07 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-08 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-09 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-10 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-11 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-12 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-13 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-14 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-15 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-16 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-17 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-18 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-19 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-20 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-21 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-22 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-23 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-24 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-25 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-26 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-27 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-28 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-29 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-09-30 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-01 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-02 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-03 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-04 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-05 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-06 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-07 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-08 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-09 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-10 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-11 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-12 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-13 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-14 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-15 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-16 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-17 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-18 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-19 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-20 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-21 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-22 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-23 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-24 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-25 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-26 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-27 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-28 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-29 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-30 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-10-31 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-11-01 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-11-02 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-11-03 | $0.22 | $1,253,864,935 | 2 / 2 |
| 2026-11-04 | $0.22 | $1,253,864,935 | 2 / 2 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 2 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.