What Drove T-Mobile’s Earnings in Q1?

Over the past few quarters, T-Mobile (TMUS) beat analysts’ consensus adjusted EPS estimates. On April 25, T-Mobile delivered another solid quarterly report. The company had a strong subscriber base and adjusted EBITDA growth. T-Mobile gained 1.0 million net postpaid customers in the first quarter, which includes 656,000 postpaid phone customer net additions. T-Mobile also added 69,000 prepaid customers.

T-Mobile’s earnings grew significantly YoY (year-over-year) in the first quarter. T-Mobile’s adjusted EPS grew ~35.9% YoY to $1.06 in the first quarter. T-Mobile’s earnings were ~16.5% more than analysts’ estimates. T-Mobile’s first-quarter revenues of $11.1 billion beat analysts’ expectations of $11.0 billion and rose ~6.0% YoY.

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Verizon’s (VZ) adjusted EPS rose ~2.6% YoY to $1.20 in the first quarter. AT&T’s (T) adjusted EPS grew ~1.2% YoY to $0.86. Sprint (S) hasn’t reported its financial results for the same quarter. Analysts expect Sprint to report an adjusted EPS of -$0.01 in the fourth quarter of fiscal 2018, which ended on March 31.