Telephone and Data Systems Future Growth

Future criteria checks 0/6

Telephone and Data Systems's earnings are forecast to decline at 3.3% per annum while its annual revenue is expected to grow at 3.8% per year. EPS is expected to decline by 2.9% per annum. Return on equity is forecast to be -1.9% in 3 years.

Key information

-3.3%

Earnings growth rate

-2.86%

EPS growth rate

Wireless Telecom earnings growth	11.8%
Revenue growth rate	3.8%
Future return on equity	-1.92%
Analyst coverage	Low
Last updated	23 Feb 2026

Recent future growth updates

Recent updates

Telephone And Data Systems Preferreds Offer Highest Investment Grade Yield

Dec 09

Telephone and Data Systems' (NYSE:TDS) Earnings Are Weaker Than They Seem

Nov 14

Returns On Capital Signal Tricky Times Ahead For Telephone and Data Systems (NYSE:TDS)

Oct 06

These 4 Measures Indicate That Telephone and Data Systems (NYSE:TDS) Is Using Debt In A Risky Way

Jul 24

Some Shareholders Feeling Restless Over Telephone and Data Systems, Inc.'s (NYSE:TDS) P/S Ratio

Jun 27

Investors Could Be Concerned With Telephone and Data Systems' (NYSE:TDS) Returns On Capital

May 31

Does Telephone and Data Systems (NYSE:TDS) Have A Healthy Balance Sheet?

Apr 19

Telephone and Data Systems, Inc.'s (NYSE:TDS) Price Is Out Of Tune With Revenues

Mar 23

Cash From Wireless Sale Will Fund Fiber Expansion And Optimize Capital Structure

Mar 21 Strategic transactions, including selling its wireless business, are expected to inject cash, optimize capital structure, and benefit earnings and cash flow.

U.S. Cellular And Telephone and Data Systems: Why The Preferreds Are Still A Buy

Mar 20

Telephone and Data Systems Q4 Earnings Preview: Not Expecting Any Surprises

Feb 04

U.S. Cellular And Telephone and Data Systems: Preferreds Are Still Discounted

Sep 17

Telephone and Data Systems Q1 Earnings Preview: Weak Consensus And Challenging Trends

Apr 28

Earnings and Revenue Growth Forecasts

NYSE:TDS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	1,413	N/A	N/A	N/A	1
12/31/2027	1,296	44	N/A	N/A	3
12/31/2026	1,269	-84	40	358	3
12/31/2025	1,228	48	195	590	N/A
9/30/2025	4,860	56	-102	782	N/A
6/30/2025	4,879	-84	398	1,126	N/A
3/31/2025	4,856	-119	318	1,107	N/A
12/31/2024	1,297	-141	761	1,146	N/A
9/30/2024	2,314	-665	455	1,152	N/A
6/30/2024	3,264	-582	84	1,254	N/A
3/31/2024	5,119	-548	69	1,320	N/A
12/31/2023	1,355	-620	369	1,141	N/A
9/30/2023	5,205	-88	-131	1,177	N/A
6/30/2023	5,319	-97	-365	935	N/A
3/31/2023	5,401	-60	-452	820	N/A
12/31/2022	5,413	-7	-620	1,155	N/A
9/30/2022	5,428	47	607	1,141	N/A
6/30/2022	5,364	101	814	1,356	N/A
3/31/2022	5,326	104	810	1,319	N/A
12/31/2021	5,329	117	-1,356	1,103	N/A
9/30/2021	5,333	119	-1,070	1,229	N/A
6/30/2021	5,330	168	-1,112	1,207	N/A
3/31/2021	5,282	214	-1,116	1,330	N/A
12/31/2020	5,225	226	164	1,532	N/A
9/30/2020	5,185	223	151	1,308	N/A
6/30/2020	5,182	164	146	1,230	N/A
3/31/2020	5,180	131	-18	1,056	N/A
12/31/2019	5,176	121	54	1,016	N/A
9/30/2019	5,172	126	N/A	1,079	N/A
6/30/2019	5,147	155	N/A	1,146	N/A
3/31/2019	5,141	155	N/A	1,130	N/A
12/31/2018	5,109	135	N/A	1,017	N/A
9/30/2018	5,085	406	N/A	967	N/A
6/30/2018	5,039	178	N/A	881	N/A
3/31/2018	5,031	155	N/A	853	N/A
12/31/2017	5,044	153	N/A	776	N/A
9/30/2017	5,028	-140	N/A	765	N/A
6/30/2017	5,090	54	N/A	740	N/A
3/31/2017	5,139	72	N/A	673	N/A
12/31/2016	5,155	43	N/A	782	N/A
9/30/2016	5,137	48	N/A	701	N/A
6/30/2016	5,198	86	N/A	652	N/A
3/31/2016	5,178	81	N/A	681	N/A
12/31/2015	5,210	219	N/A	790	N/A
9/30/2015	5,199	203	N/A	626	N/A
6/30/2015	5,105	36	N/A	617	N/A
3/31/2015	5,065	-9	N/A	645	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDS's earnings are forecast to decline over the next 3 years (-3.3% per year).

Earnings vs Market: TDS's earnings are forecast to decline over the next 3 years (-3.3% per year).

High Growth Earnings: TDS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TDS's revenue (3.8% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: TDS's revenue (3.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TDS is forecast to be unprofitable in 3 years.

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/27 07:15
End of Day Share Price	2026/02/27 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telephone and Data Systems, Inc. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Power	Baird
Zachary Silver	B. Riley Securities, Inc.
Michael Rollins	Citigroup Inc

Telephone and Data Systems Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 54%

Forecast to breakeven in 2026

Consensus EPS estimates fall by 53%

Telephone and Data Systems, Inc. Revises Earnings Guidance for the Full Year Ended December 31, 2025

Consensus EPS estimates upgraded to US$0.42 loss

Consensus EPS estimates fall by 92%

Recent updates

Fourth quarter dividend of US$0.04 announced

Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

New major risk - Revenue and earnings growth

Telephone and Data Systems, Inc. Announces First Quarter 2026 Dividends, Payable on March 31, 2026

Telephone and Data Systems, Inc. to Report Q4, 2025 Results on Feb 20, 2026

Telephone And Data Systems Preferreds Offer Highest Investment Grade Yield

Upcoming dividend of US$0.04 per share

Third quarter dividend of US$0.04 announced

Consensus EPS estimates fall by 54%

Telephone and Data Systems, Inc. Declares Fourth Quarter 2025 Dividends on its Common Shares, Series A Common Shares, Payable on December 30, 2025

Telephone and Data Systems' (NYSE:TDS) Earnings Are Weaker Than They Seem

Chief Accounting Officer recently sold US$667k worth of stock

New major risk - Revenue and earnings growth

Third quarter 2025 earnings: EPS misses analyst expectations

Forecast to breakeven in 2026

Telephone and Data Systems, Inc. to Report Q3, 2025 Results on Nov 07, 2025

Returns On Capital Signal Tricky Times Ahead For Telephone and Data Systems (NYSE:TDS)

Upcoming dividend of US$0.04 per share

Non-Independent Director notifies of intention to sell stock

Consensus EPS estimates fall by 53%

Independent Lead Director recently sold US$990k worth of stock

Vice Chair notifies of intention to sell stock

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Telephone and Data Systems, Inc. Revises Earnings Guidance for the Full Year Ended December 31, 2025

First quarter dividend of US$0.04 announced

Telephone and Data Systems, Inc. Declares Dividend for the Third Quarter 2025, Payable on September 30, 2025

Telephone and Data Systems, Inc. to Report Q2, 2025 Results on Aug 11, 2025

These 4 Measures Indicate That Telephone and Data Systems (NYSE:TDS) Is Using Debt In A Risky Way

Some Shareholders Feeling Restless Over Telephone and Data Systems, Inc.'s (NYSE:TDS) P/S Ratio

Vice Chair exercised options to buy US$833k worth of stock.

Levi & Korsinsky, LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Telephone and Data Systems, Inc

Upcoming dividend of US$0.04 per share

Ken Dixon to Serve on the Board of Telephone and Data Systems, Inc. and TDS Telecommunications LLC Announces Management Changes

Investors Could Be Concerned With Telephone and Data Systems' (NYSE:TDS) Returns On Capital

Consensus EPS estimates upgraded to US$0.42 loss

First quarter dividend of US$0.04 announced

Telephone and Data Systems, Inc. Declares Second Quarter of 2025 on A Common Share, Payable on June 30, 2025

Non-Independent Director exercised options and sold US$1.6m worth of stock

First quarter 2025 earnings: EPS and revenues miss analyst expectations

New major risk - Revenue and earnings growth

Telephone and Data Systems, Inc. to Report Q1, 2025 Results on May 02, 2025

Does Telephone and Data Systems (NYSE:TDS) Have A Healthy Balance Sheet?

Eastern Slope Rural Telephone Association, Inc. agreed to acquire Strasburg Telephone Company from Telephone and Data Systems, Inc. (NYSE:TDS).

Telephone and Data Systems, Inc., Annual General Meeting, May 22, 2025

Telephone and Data Systems, Inc.'s (NYSE:TDS) Price Is Out Of Tune With Revenues

Cash From Wireless Sale Will Fund Fiber Expansion And Optimize Capital Structure

U.S. Cellular And Telephone and Data Systems: Why The Preferreds Are Still A Buy

Vice Chair exercised options and sold US$1.3m worth of stock

Upcoming dividend of US$0.04 per share

Consensus EPS estimates fall by 92%

Fourth quarter dividend of US$0.04 announced

Full year 2024 earnings: EPS exceeds analyst expectations

Telephone and Data Systems, Inc. Declares First Quarter 2025 Dividends on its Common Shares, Series A Common Shares, Payable on March 31, 2025

Telephone and Data Systems, Inc. to Report Q4, 2024 Results on Feb 21, 2025

Now 21% overvalued after recent price rise

Telephone and Data Systems Q4 Earnings Preview: Not Expecting Any Surprises

Telephone and Data Systems, Inc. Announces Chief Executive Officer Changes, Effective February 1, 2025

Now 21% overvalued after recent price rise

Third quarter dividend of US$0.04 announced

Telephone and Data Systems, Inc. Declares Fourth Quarter 2024 Dividend, Payable on December 31, 2024

Telephone and Data Systems, Inc. Elects Napoleon B. Rutledge to the Board of Directors and Audit Committee, Effective December 1, 2024

Consensus EPS estimates fall by 156%

Price target increased by 17% to US$45.50

Third quarter 2024 earnings: EPS misses analyst expectations

Telephone and Data Systems, Inc. Updates Financial Guidance for the Full Year 2024

Telephone and Data Systems, Inc. to Report Q3, 2024 Results on Nov 01, 2024

U.S. Cellular And Telephone and Data Systems: Preferreds Are Still Discounted

Upcoming dividend of US$0.04 per share

US Signal Company, L.L.C. completed the acquisition of OneNeck IT Solutions LLC and OneNeck Data Center Holdings LLC from Telephone and Data Systems, Inc. (NYSE:TDS).