I'm LongbridgeAI, I can summarize articles.T-Mobile reported mixed Q2 results, beating earnings estimates but missing revenue forecasts. Despite the positive earnings surprise and reaffirmed full-year outlook, analysts from Keybanc and Benchmark lowered their price targets for T-Mobile stock following the announcement.
T-Mobile US Inc. (NASDAQ:TMUS) on Thursday reported mixed second-quarter results.
T-Mobile reported adjusted earnings of $2.99 per share, topping the analyst consensus estimate of $2.58, according to Benzinga Pro. Revenue increased to $22.79 billion from $21.13 billion a year earlier but missed the Street estimate of $22.94 billion.
T-Mobile reaffirmed its full-year outlook for postpaid net account additions of 950,000 to 1.05 million. The company continues to expect core adjusted EBITDA, which excludes lease revenues, of $37.1 billion to $37.5 billion.
T-Mobile raised its forecast for net cash provided by operating activities, including net payments related to the UScellular merger, to $28.4 billion to $28.8 billion, from its prior outlook of $28.1 billion to $28.7 billion.
T-Mobile shares rose 0.9% to $171.95 in pre-market trading.
These analysts made changes to their price targets on T-Mobile following earnings announcement.
- Keybanc analyst Brandon Nispel maintained the stock with an Overweight rating and lowered the price target from $260 to $250.
- Benchmark analyst Matthew Harrigan maintained the stock with a Buy and lowered the price target from $295 to $280.
Considering buying TMUS stock? Here’s what analysts think:
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