These Analysts Revise Their Forecasts On T-Mobile Following Earnings Miss
Portfolio Pulse from Avi Kapoor
T-Mobile US, Inc. (NASDAQ:TMUS) reported Q4 revenue of $20.48 billion, surpassing estimates, but earnings per share of $1.67 missed the expected $1.90. Despite the earnings miss, the company had a historic year with strong customer growth and integration success. T-Mobile anticipates a 9% increase in core adjusted EBITDA for 2024 and significant growth in cash flow. Following the report, Keybanc lowered its price target from $183 to $175 but maintained an Overweight rating, Raymond James increased its target from $180 to $185 with a Strong Buy rating, and Benchmark reiterated a Buy rating with a $200 target. T-Mobile shares slightly rose by 0.4%.
January 26, 2024 | 6:38 pm
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NEUTRAL IMPACT
T-Mobile's Q4 earnings miss may cause short-term concern, but strong revenue and optimistic future cash flow projections could mitigate negative sentiment. Analysts have mixed reactions, adjusting price targets both up and down.
The earnings miss typically would lead to a negative short-term impact on the stock price. However, the positive revenue report and future growth projections, along with mixed analyst ratings changes, suggest a neutral short-term impact as the market digests the various factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100