TMUS

Wall Street analysts expect T-Mobile (TMUS) to post quarterly earnings of $2.86 per share in its upcoming report, which indicates a year-over-year increase of 10.4%. Revenues are expected to be $23.31 billion, up 6.2% from the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Bearing this in mind, let's now explore the average estimates of specific T-Mobile metrics that are commonly monitored and projected by Wall Street analysts. The average prediction of analysts places 'Revenues- Total service revenues' at $19.32 billion. The estimate indicates a change of +5.9% from the prior-year quarter. The combined assessment of analysts suggests that 'Revenues- Equipment revenues' will likely reach $3.70 billion. The estimate indicates a change of +6.9% from the prior-year quarter. Analysts' assessment points toward 'Revenues- Other revenues' reaching $246.39 million. The estimate indicates a year-over-year change of -1.8%. Analysts predict that the 'Revenues- Service revenues- Prepaid revenues' will reach $2.49 billion. The estimate indicates a change of -5.3% from the prior-year quarter. Analysts expect 'Revenues- Wholesale and other service revenues' to come in at $727.27 million. The estimate suggests a change of -0.9% year over year. Analysts forecast 'Revenues- Service revenues- Postpaid revenues' to reach $16.10 billion. The estimate suggests a change of +8.2% year over year. According to the collective judgment of analysts, 'Total postpaid accounts' should come in at 34.95 million. Compared to the present estimate, the company reported 33.98 million in the same quarter last year. The consensus estimate for 'Postpaid ARPA' stands at $154.16 . Compared to the present estimate, the company reported $149.44 in the same quarter last year. View all Key Company Metrics for T-Mobile here>>> Over the past month, T-Mobile shares have recorded returns of -4% versus the Zacks S&P 500 composite's -1.2% change. Based on its Zacks Rank #3 (Hold), TMUS will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

T-Mobile US, Inc. TMUS is set to report third-quarter 2026 results on Oct. 28, after the closing bell. It pulled off a trailing four-quarter earnings surprise of 17.3% on average, beating estimates on all previous occasions. The wireless service provider is expected to witness year-over-year revenue growth, driven by subscriber additions, higher broadband adoption and strong demand for wireless services. However, higher promotional spending, intense competition and rising operating costs might have weighed on overall performance. During the quarter, T-Mobile strengthened its customer acquisition strategy by eliminating upfront costs for eligible customers, addressing a major barrier to switching wireless providers. The initiative is expected to have supported third-quarter 2026 revenues by attracting new subscribers, encouraging carrier switching and increasing adoption of its wireless plans. T-Mobile's "Get iPhone 18 Pro on Us" promotion is likely to have contributed to revenue growth in the quarter under review. The offer might have attracted new customers, encouraged existing subscribers to upgrade their devices and increased demand for postpaid plans, boosting subscriber additions and recurring service revenues. During the to-be-reported quarter, T-Mobile also promoted the Google Pixel 11 Pro XL and Samsung's new Galaxy foldable smartphones through attractive device offers. These promotions might have encouraged smartphone upgrades, attracted new wireless customers and increased device sales across its retail and online channels. Despite these growth opportunities, T-Mobile's September earnings could have been affected by higher promotional spending, device subsidies and customer acquisition costs amid strong competition. Continued investments in 5G networks and broadband expansion might also have increased operating expenses and depreciation, limiting profitability. For the September quarter, the Zacks Consensus Estimate for total revenues is pegged at $23.31 billion, indicating an improvement from the year-ago quarter's reported figure of $21.96 billion. The consensus estimate for adjusted earnings per share is pegged at $2.86, implying growth from $2.59 reported a year ago. Our proven model does not conclusively predict an earnings beat for T-Mobile for the third quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Zacks Rank: T-Mobile carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. T-Mobile US, Inc. price-eps-surprise | T-Mobile US, Inc. Quote Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season: Seagate Technology Holdings plc STX has an Earnings ESP of +2.49% and currently sports a Zacks Rank #1. It is set to release its first-quarter fiscal 2027 numbers on Oct. 27. The Earnings ESP for Corning Incorporated GLW is +0.68%, and it carries a Zacks Rank of 2 at present. The company is scheduled to report third-quarter 2026 numbers on Oct. 27. The Earnings ESP for Intel Corporation INTC is +2.22%, and it carries a Zacks Rank of 2 at present. The company is scheduled to report third-quarter 2026 numbers on Oct. 29. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report Intel Corporation (INTC) : Free Stock Analysis Report Seagate Technology Holdings PLC (STX) : Free Stock Analysis Report Corning Incorporated (GLW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

[IMAGE CREDIT: U.S. Air Force photo by Justin R. Pacheco and Edvin Richardson from Pexels via Canva] - SpaceX's connectivity business brought in $5.2 billion in the third quarter, up 69% year over year, which works out to about $21 billion a year. - On SpaceX's Oct. 20 earnings call, Elon Musk said he sees a clear path to connectivity revenue about ten times that size or more. - To get there, Starlink Mobile has to become a real U.S. carrier against AT&T, Verizon and T-Mobile, and service on its new spectrum doesn't start until early 2028. - Several hundred billion dollars a year is about what AT&T and Verizon took in combined in 2025, and Musk gave no date for reaching it. SpaceX (SPCX:NASDAQ) had a big third quarter for Starlink: connectivity revenue came in at $5.2 billion, up 69% year over year and 22% from the second quarter. Then Elon Musk raised the bar. On the earnings call, he said: "I can say we do see a clear path to several hundred billion dollars a year in connectivity revenue." That's a big number. And the path to it runs straight through AT&T (T:NYSE), Verizon (VZ:NYSE) and T-Mobile (TMUS:NASDAQ). Start with the math. $5.2 billion a quarter works out to about $21 billion a year. If "several hundred billion" means $200 billion at the low end, Musk is describing a connectivity business roughly ten times its current size. At $300 billion it's closer to 15x. Connectivity is growing fast enough that this sounds less wild than it might. Starlink added 1.6 million consumer subscribers in the quarter and reached 13.6 million. Consumer ARPU rose 5% from the second quarter to $69 a month, and enterprise and government revenue grew 91% year over year. Gross margin was 55%, with roughly 3 points of that coming from a one-time benefit. The Street is already thinking big too. Connectivity's $21 billion pace is close to half of the $45.9 billion analysts expect all of SpaceX to bring in this year. And consensus has the whole company at $249.4 billion by 2028. These estimates may not include the call yet. Since Musk didn't put a date on his number, I wouldn't expect it to change the next three years of estimates much. TIKR tracks 38 analysts on SpaceX. How many say "Buy"? See the full breakdown of Buy, Hold, and Sell ratings on SpaceX, along with Wall Street's revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See SpaceX's Analyst Ratings Plus: the piece that would get Starlink there is mobile. Starlink Mobile passed 22 million monthly users at the end of the quarter, up 37% from three months earlier. A few weeks ago, SpaceX got FCC approval to launch 15,000 Mobile V2 satellites and agreed to buy a portfolio of low-band spectrum. Gwynne Shotwell, SpaceX's president and COO, said that spectrum "will pave the way for Starlink Mobile to become a major mobile carrier in the U.S." That spectrum deal sent Verizon stock down 10% in a day. To see how big the prize is, look at AT&T. It brought in $126 billion in 2025, and analysts expect about $135 billion by 2028. That's about 2% growth a year. Starlink doesn't plan to light up its new spectrum until early 2028, so nothing on SpaceX's call should move AT&T's near-term numbers much. Verizon brought in $138.2 billion in 2025, so the two carriers together took in about $264 billion. Put differently, Musk's number would make Starlink connectivity about the size of AT&T and Verizon combined. Musk's figure covers all of connectivity, including enterprise and government, so not every dollar has to come from AT&T, Verizon and T-Mobile customers. But mobile is the piece SpaceX itself singled out, and it's the one with a plan and a date attached. Of course, Musk gave no timeline. He said SpaceX "should do a longer presentation on the game plan for Starlink connectivity," so the full case isn't public. The service itself is also a ways off. Shotwell said the near-term priority is flying the Mobile V2 constellation through next year and integrating the spectrum to turn on service in early 2028. Evercore's Kutgun Maral asked how that spectrum can compete with U.S. incumbents. Shotwell started her answer with WiFi: "I think it's something between 85% and 93% is done through WiFi." She expects the S-band to carry most of Starlink Mobile's traffic, with the low-band spectrum handling less but providing "a critical piece." It's a reasonable argument for why Starlink can get by with less spectrum than the incumbents, but nobody will know if it works until service starts. So can a business running at $21 billion a year really reach several hundred billion? Only if Starlink becomes a carrier on the scale of AT&T and Verizon combined, and that work has barely started. Still, the pieces SpaceX has in hand are real: 22 million mobile users, approval for 15,000 satellites, and spectrum of its own. My take: SpaceX doesn't need to hit Musk's number for connectivity to keep driving the stock. A business growing 69% a year with gross margins above 50% has plenty of room to run, even at a fraction of several hundred billion. The next clue comes on Oct. 21, when AT&T reports its third quarter and gets its first chance to respond. The real test starts when Starlink Mobile turns on service on its new spectrum in early 2028. TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR's valuation model and see what SpaceX could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It's free to use. Value SpaceX for free

For questions about this article or underlying research, email [email protected]. AT&T (T) shares fell 6.4% on October 21, 2026, the day the company reported fiscal Q3 2026. The S&P 500 rose 0.6% during the same session. That morning, AT&T raised its full-year profit outlook while leaving its free cash flow forecast and range for core profit growth untouched. So where did the higher outlook come from? AT&T's Higher Outlook Came From Lower Depreciation On the October 21 call, management said the raise primarily reflected lower depreciation under held-for-sale accounting for AT&T Mexico, a business the company has agreed to sell. AT&T now expects full-year adjusted EPS in the $2.40 range, up from its previous range of $2.25 to $2.35. That means most of the higher figure comes from how the company accounts for a departing business, rather than from adding customers or increasing sales. Earnings for the quarter beat forecasts, with adjusted EPS reaching $0.65 against a consensus of $0.61. Revenue matched expectations at $32.3 billion. Even so, the stock decline was far steeper than the drops its peers recorded during the same session. Verizon fell 2.2% and T-Mobile fell 2.5%. Did AT&T's Forecast For Its Business Change? Not by much. Management maintained its fiscal 2026 forecast for adjusted EBITDA growth, the company's core profit measure, at 3% to 4%. The company now expects to hit the upper portion of that range. The full-year free cash flow forecast stayed at $18 billion. This steady outlook follows a strong quarter. Service revenue grew 3.8% from a year earlier, marking what management called its best performance in more than four years. Adjusted EBITDA grew more than 5% for a second consecutive quarter. The fourth quarter looks harder. Management expects adjusted EBITDA growth in the period to suffer from year-over-year increases in marketing and other customer acquisition costs. These higher expenses are tied to an extended device launch cycle and a wider push to sell fiber. What AT&T Said About Fiber Prices Average revenue per fiber customer fell 4% from a year earlier in fiscal Q3 2026. Management tied the decline to introductory prices for new customers, discounts for subscribers who also buy AT&T wireless, and growth among lower-paying Quantum brand customers in territories acquired from Lumen. The company expects a similar year-over-year decline in the fourth quarter. AT&T is using lower prices to win households where it can later sell wireless service. By the end of the quarter, nearly 43% of its advanced home internet customers, a group including both fiber and Internet Air, also held a postpaid wireless account with the company. When the call turned to fiber prices in AT&T's established fiber markets, management said it did not want to focus on that alone, pointing to service revenue and customer growth. Average revenue per fiber customer is the figure to watch when AT&T reports fiscal Q4 2026, expected in January 2027. Is Too Much Of Your Wealth Riding On One Stock? One report just changed how AT&T looks to the people who own it. When one position grows into a large part of your wealth, a sharp fall can hurt your whole plan, and selling to spread the money out can bring a large tax bill. Our partner advisory firm offers a free strategy review of ways to protect a concentrated position and unwind it with less tax. Request A Free Strategy Review Spot an error or want more like this? Tell us in 10 seconds.

- Verizon's sixth straight EPS beat and record 40.1% adjusted EBITDA margin show real momentum heading into a harder competitive fight. - SpaceX's $8 billion spectrum deal sent Verizon, AT&T, and T-Mobile among the S&P 500's top decliners the day it landed. - Whether churn holds at its record 84 basis points will signal if Verizon can maintain pricing power before Starlink Mobile launches in 2028. - Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor) Verizon (NYSE:VZ) reports third-quarter results on October 26, days after SpaceX (NASDAQ:SPCX) announced a roughly $8 billion deal for nationwide 800 MHz spectrum. I think the deal makes this report more important. It shows how much momentum Verizon carries into a harder fight. Last quarter, Verizon posted adjusted EPS of $1.30 against a $1.27 consensus, its sixth straight beat. Revenue slipped 0.7% to $34.25 billion as equipment revenue fell nearly 20%, a deliberate pullback on subsidies. The core business strengthened: 184,000 postpaid phone net adds, churn down to 0.92%, and a record 40.1% adjusted EBITDA margin. Management raised full-year adjusted EPS guidance to $4.99 to $5.04 and lifted the buyback target to up to $4.5 billion. Shares are up 16.94% year to date but down 4.89% over the past month. SpaceX's spectrum announcement put Verizon, AT&T (NYSE:T), and T-Mobile (NASDAQ:TMUS) among the top decliners in the S&P 500 the day it landed. Metric | Consensus | Prior Year | YoY Growth Q3 2026 EPS | $1.2743 | $1.21 | 5.31% Q3 2026 Revenue | $34.85 billion | $33.82 billion | 3.05% FY 2026 EPS | $5.0179 | $4.71 | 6.54% FY 2026 Revenue | $140.80 billion | $138.19 billion | 1.89% The Q3 EPS consensus has moved lower from $1.2925 90 days ago. If you've saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life. Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor) Management guided mobility and broadband service revenue growth to approach 3% in Q3 and reach approximately 4% in Q4. I'll be watching that number first. Hitting it would show the subsidy-light Simplicity and Verizon One strategy can grow revenue while maintaining price. Churn comes next. Consumer postpaid phone churn fell to 84 basis points, which management called "a step change for Verizon." For comparison, Q3 2025 delivered just 36,000 postpaid net adds with churn of 0.98%. You should look at whether retention holds now that a deep-pocketed entrant has a credible path into U.S. mobile. The spectrum deal should close in the first half of 2027, and SpaceX plans to turn on service in early 2028. SpaceX said the spectrum could make Starlink Mobile "a major mobile carrier in the U.S." In July, Verizon estimated satellite's U.S. addressable market at 6 million to 8 million homes, mostly rural. I want to hear whether that framing changes now that SpaceX holds low-band spectrum built for indoor coverage. Finally, AI Connect. The Google (NASDAQ:GOOGL) dark fiber agreement is valued at over $1 billion, and management flagged more deals by year-end. SpaceX's threat is real, yet it sits more than a year away. That makes this report Verizon's chance to show that lower churn, combined bundles, and Frontier's fiber build a moat before a new carrier shows up. If service revenue speeds up and churn holds, Verizon heads into 2027 with its pricing power intact. If either slips, the market will treat it as early erosion, and the Starlink story will start to drive the stock. If you've saved over $1,000,000, this guide is for you. The last thing you want in retirement is to run out of money, you want your money to generate lasting income while you enjoy your life. Now you can learn the strategies wealthy retirees use to fund their retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor) Contact [email protected] for any questions or corrections.

Verizon Communications, Inc. VZ is scheduled to report third-quarter 2026 earnings before the opening bell on Oct. 26. The Zacks Consensus Estimate for sales and earnings is pegged at $34.81 billion and $1.27 per share, respectively. Earnings estimates for VZ in 2026 have remained unchanged over the past 60 days, while 2027 estimates have risen 0.19%. Image Source: Zacks Investment Research The communication services provider has a solid trailing four-quarter earnings surprise history, having exceeded expectations on each occasion. It delivered a four-quarter earnings surprise of 2.9%, on average. In the last reported quarter, the company pulled off an earnings surprise of 2.3%. Image Source: Zacks Investment Research Our proven model does not conclusively predict an earnings beat for Verizon for the third quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Verizon currently has an ESP of -0.68% with a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. During the quarter, Verizon's subsidiary, Total Wireless, announced an expanded partnership with Western Union, bringing money transfers, bill pay and money orders to its retail locations nationwide. The rollout will begin in select stores and is expected to expand through the end of 2026. The initiative broadens Total Wireless' value proposition beyond wireless connectivity and supports Verizon's efforts to strengthen its value-brand offerings. In the to-be-reported quarter, Verizon inked a multi-year, multi-billion-dollar supply agreement with Corning to support broadband expansion and next-generation AI infrastructure. The deal will strengthen Verizon's fiber network capabilities and support growing connectivity and data demands across its network. Verizon is advancing its 6G initiatives by adding nine technology companies to its 6G Innovation Forum and conducting real-world trials of integrated sensing and communications. The company is also exploring AI-native technologies for future connectivity and network applications. The company has partnered with SPECS Inc. to introduce new SPECS AR Glasses that combine augmented reality with Verizon's connectivity capabilities. The collaboration aims to enhance connected wearable experiences and expand AR use across consumer and enterprise applications. Such innovations are expected to positively impact upcoming results. However, it is to be noted that Verizon operates in a highly competitive and saturated U.S. telecom market. The company faces competition from major players such as AT&T, Inc. T and T-Mobile US, Inc. TMUS. This is likely to weigh on margins. Over the past year, VZ has gained 11.9% compared with the industry's growth of 108.1%. It has outperformed its peers like AT&T and T-Mobile US over this period. Shares of AT&T and T-Mobile have plunged 8.4% and 30.7%, respectively, in the same time frame. Image Source: Zacks Investment Research From a valuation standpoint, Verizon appears attractive relative to the industry and is trading below its mean. Going by the price/earnings ratio, the company's shares currently trade at 8.5 forward earnings, lower than 33.85 for the industry and the stock's mean of 8.77. Image Source: Zacks Investment Research Verizon is delivering strong consumer metrics, highlighted by robust postpaid phone net additions and sequentially lower customer churn. Strategic offerings like simplified rate plans and focused loyalty incentives are successfully retaining users without requiring high promotional costs. The integration of Frontier Communications has significantly broadened Verizon's fiber reach across multiple states. Total fixed wireless and fiber connections continue to rise, driven by lower churn among customers who bundle mobility and broadband services. The domestic telecommunications sector remains intensely competitive, with aggressive pricing and promotional bundling from rival carriers and cable operators posing continuous pressure on market share and margins. Maintaining a leadership position in 5G, fiber expansion and AI-related infrastructure requires heavy upfront capital spending. Delays in realizing returns on these multi-billion-dollar investments could weigh on near-term financial flexibility. Verizon's long-term strategy remains centered on combining wireless and broadband services to improve customer retention and lifetime value. The company continues to broaden its addressable market through fiber expansion and broadband growth while strengthening convergence opportunities. However, intense competition and a high debt burden remain major concerns. VZ appears to be treading the middle of the road, and new investors could be better off if they trade with caution. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Verizon Communications Inc. (VZ) : Free Stock Analysis Report AT&T Inc. (T) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shares of Comcast (CMCSA) currently trade at 6.7 times earnings. That multiple sits at less than a third of the 22.7 times commanded by the median S&P 500 company. Over the past twelve months, the shares fell 19.7%, dividends included. The broader S&P 500 returned 17.3% over that same period. That could signal a sound business on sale, or it might just reflect a fair price for an operation that has stopped growing. So what does a buyer actually get for that price? Comcast's Spare Cash Is Large Next To Its Price At that valuation, investors are buying a company that turned 26.0% of its revenue into cash from operations over its latest twelve months. Free cash flow over those same months equaled 23.7% of its market value. This cash generation relies on a broad set of businesses. Residential Connectivity & Platforms stands as the largest segment, bringing in $70.7 billion of revenue in fiscal 2025. Two smaller divisions posted growth that year. Theme Parks revenue rose 14.1%, and Business Services Connectivity revenue rose 5.5%. Comcast's Operating Margin Has Fallen To A Ten-Year Low Comcast is currently keeping less of every sale as profit. The operating margin dropped to 14.7% in the twelve months to June 2026. By contrast, the company averaged a 17.4% margin across the three latest twelve-month periods, this one included. Looking back, Comcast's twelve-month margin has not been lower at any quarter end from fiscal Q3 2016 on. At the same time, the largest business segment is getting smaller. Revenue in Residential Connectivity & Platforms fell by 0.5% in fiscal 2024, and then fell another 1.2% in fiscal 2025. Media revenue also fell by 3.8% in fiscal 2025. Altogether, total revenue grew only 0.6% in the twelve months to June 2026. Furthermore, Comcast carries heavy debt. Its total debt equaled 120% of its market value at the latest close. For perspective, total debt across the S&P 500 as a whole stood at just 20.2% of market value. Is Comcast's Broadband Pivot Lifting Its Margin? The numbers do not show a lift yet. In fiscal Q2 2026 alone, Comcast recorded an operating margin of 17.2%, compared to 19.8% in fiscal Q2 2025. Revenue fell 1.2% from a year earlier in that quarter. Even so, management noted in its fiscal Q2 2026 results that a strategic pivot in broadband is gaining traction. Management also called that specific period its best wireless quarter ever. A buyer paying under seven times earnings is not simply betting that the broader market has overlooked a sound business. The buyer is betting that management stops the margin from falling while Comcast keeps producing cash. Investors will get more clarity when the company releases its next report, expected on or around October 22, 2026. This report will detail the operating margin for fiscal Q3 2026. A figure below the 17.7% reported in fiscal Q3 2025 would mean the margin is still falling. Does This Mean You Should Act On CMCSA? Our purpose is to inform you with unique data so you make the right investment decisions. That said, betting on a single stock is always risky, no matter which direction you choose. There is a smarter approach. Since its inception, the Trefis High Quality (HQ) Portfolio has returned 105%, beating the benchmark that combines the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000. And it did so without taking the concentrated risk that comes with do-it-yourself stock picking. If that is how you want to invest, the HQ Portfolio is the place to start.

For a Comcast (CMCSA) holder, the average revenue per broadband customer is a troubling metric. That figure fell 3.8% in the second quarter of 2026. During the same period, Comcast lost 167,000 broadband customers. This leaves the company with a shrinking internet base where each remaining user generates less revenue on average. So why is Comcast collecting less from each broadband customer? Comcast Chose To Charge Its Broadband Customers Less Management confirmed on the second-quarter 2026 earnings call that Comcast did not raise broadband rates. The company has also transitioned subscribers to simplified plans with lower everyday prices. Comcast is also offering free wireless lines, a tactic management said initially reduces the average broadband revenue per customer. In fact, roughly half of Comcast's new residential phone connections in the quarter came from customers accepting a free line. Management acknowledged that the investment required for this strategic shift is currently weighing on results. Comcast's adjusted EBITDA, a measure of operating profit, fell 5% in the second quarter. Management cited two reasons for the decline: the broadband transition and the first year of costs for its NBA rights. Over the past twelve months, Comcast's operating margin was 14.7%. That metric is down from 18.1% a year earlier, marking its lowest level in five years. What Does Comcast Expect From Here? During the second-quarter call, management projected modest improvements starting in the third quarter of 2026 as Comcast begins charging for the previously free lines. Management expects a large majority of those users to switch to paid plans once the promotional offers roll off in the second half of 2026. Customer attrition is also slowing. Broadband losses in the second quarter were 34,000 smaller than a year earlier. Yet the operating environment remains intensely competitive. Management described the broadband market as highly competitive, noting the expansion of fiber networks, aggressive fixed wireless campaigns, and the emergence of satellite as a viable alternative. EBITDA at Comcast's connectivity business also fell 5.8% in the quarter. Management tied this drop to spending on sales and customer experience. How Low Is Comcast's Valuation After A Weak Year? Comcast stock trades at 6.6 times earnings, compared with 22.5 for the S&P 500. At this valuation, the price likely assumes the current broadband pressures will persist. The stock lost 21% over the past twelve months, while the S&P 500 gained 21%. Historical market shocks provide a mixed picture of how far Comcast might fall. During the 2022 inflation shock and Fed tightening, the stock dropped 42%, compared with 24% for the S&P 500. In the 2025 tariff shock, however, Comcast fell 9.2%, against 19.0% for the broader index. For a holder, the falling revenue per broadband customer remains a risk to weigh rather than a reason for alarm, given that management tied the decline to Comcast's own pricing strategies. This specific worry would ease if most free-line customers start paying and broadband customer losses keep shrinking. Ultimately, Comcast's average revenue per broadband customer is the critical number to watch when the company reports its third quarter. Does This Mean You Should Act On CMCSA? Our purpose is to inform you with unique data so you make the right investment decisions. That said, betting on a single stock is always risky, no matter which direction you choose. There is a smarter approach. Since its inception, the Trefis High Quality (HQ) Portfolio has returned 105%, beating the benchmark that combines the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000. And it did so without taking the concentrated risk that comes with do-it-yourself stock picking. If that is how you want to invest, the HQ Portfolio is the place to start.

VANCOUVER, BC, Oct. 12, 2026 /PRNewswire/ -- American News Group News Commentary - The S&P 500 set an all-time high on Tuesday, October 6, and finished the week at 7,811.54 after a Friday gain of 0.6%, with the Dow Jones Industrial Average closing at 51,654.95 and the Nasdaq Composite at 27,366.17. All three finished the week higher, even as the 10-year Treasury yield recently reached its highest level since 2002 and closed Friday at 5.24%. The most active names of the week moved on company news: a satellite spectrum deal that hit wireless carriers, a Medicare ratings update, an airline outlook cut and a consumer staples guidance change. Next week brings September inflation data and the first major third-quarter earnings reports. Active Companies from around the markets with current developments this week include: Humana Inc. (NYSE: HUM), Delta Air Lines, Inc. (NYSE: DAL), PepsiCo, Inc. (NASDAQ: PEP), UnitedHealth Group Incorporated (NYSE: UNH), Johnson & Johnson (NYSE: JNJ). The largest single move of the week came late Thursday, when SpaceX agreed to acquire a nationwide portfolio of 800 MHz low-band spectrum licenses from Grain Management, a deal that remains subject to Federal Communications Commission approval and that would support its Starlink Mobile service. On Friday, T-Mobile US fell 13.3%, AT&T fell 9.8% and Verizon fell 8.7%, while tower operators Crown Castle and American Tower rose 15.6% and 9.3%, respectively, according to the Associated Press. The backdrop remains demanding. The Federal Reserve raised its benchmark rate in September for the first time in more than three years, crude oil has traded above $90 per barrel, and the University of Michigan's preliminary October survey showed consumers expect inflation of 4.7% over the coming year, up from 4.6% a month earlier. The coming week is shortened for the bond market, which is closed Monday for Columbus Day while stocks trade normally. The U.S. Bureau of Labor Statistics releases the Consumer Price Index for September on Wednesday, October 14, at 8:30 a.m. ET, followed by the Producer Price Index on Thursday. The largest U.S. banks begin reporting third-quarter results on Tuesday, alongside two of the largest healthcare companies in the market. CONTINUED... Get the full week-ahead market report in The Roadmap at: stockpreachers.com In other industry developments and happenings in the market this week include: Humana Inc. (NYSE: HUM) Humana shares rose 11.6% on Friday after the company reported that, based on final 2027 Medicare Advantage Star Ratings data released by the Centers for Medicare & Medicaid Services on October 8, it has exceeded its goal of top-quartile results. Humana said 95% of its Medicare Advantage members are in plans rated 4 stars or above for 2027. The company affirmed its 2026 adjusted earnings per share guidance of at least $9.00 and scheduled a virtual investor update for December 10, 2026. "We'll keep finding new, better ways to support our members and improve their experience," said Jim Rechtin, Humana CEO. Delta Air Lines, Inc. (NYSE: DAL) Delta reported September quarter 2026 earnings of $1.72 per share on an adjusted basis and $1.15 per share on a GAAP basis, with GAAP operating revenue of $20.2 billion and pre-tax profit of $1.5 billion on an adjusted basis. The company now expects full-year 2026 earnings per share of $5.10 to $5.60 and free cash flow of about $2.5 billion, and expects December quarter revenue to rise about 20%. Shares recovered from an early decline to finish Friday nearly unchanged. "Demand remains strong, supported by consumers' growing preference for experiences and travel," said Delta CEO Ed Bastian, adding that the company expects to "generate a pre-tax profit of roughly $4.5 billion, absorbing a $6 billion increase in fuel costs." PepsiCo, Inc. (NASDAQ: PEP) PepsiCo reported third quarter 2026 net revenue of $25.27 billion on October 8, up 5.6%, with organic revenue up 3.1%. Reported earnings per share rose 17% to $2.23 and core earnings per share rose 2% to $2.34. The company raised its full-year organic revenue outlook to approximately 3% and lowered its core earnings per share growth outlook to a range of 2.5% to 3.5%. UnitedHealth Group Incorporated (NYSE: UNH) UnitedHealth Group will release its third quarter 2026 results before the market opens on Tuesday, October 13, with a conference call at 8:00 a.m. ET. In its second quarter, the company reported revenues of $112.0 billion, adjusted earnings per share of $6.38 and a medical care ratio of 86.7%, down from 89.4% a year earlier, and raised its 2026 adjusted earnings outlook to $19.50 to $20.00 per share. "Our results and outlook reflect the continuing progress in our work to simplify how we operate," said CEO Stephen Hemsley at the time. Johnson & Johnson (NYSE: JNJ) Johnson & Johnson will release its third quarter 2026 results at approximately 6:45 a.m. ET on Tuesday, October 13, with an investor call at 8:30 a.m. ET. For the second quarter, the company reported sales of $25.3 billion, up 6.6%, and raised its 2026 guidance to estimated reported sales of $101.1 billion and adjusted earnings per share of $11.68 at the midpoints. Start Every Week With a Plan Stock Preachers publishes The Roadmap, an in-depth market report released three times a week: a Monday week-ahead edition, a Wednesday mid-week update and a Friday recap covering the names, sectors and data driving the tape. Access is free during the public beta at stockpreachers.com. Contact Information: americannewsgroup.com Media Contact: [email protected] DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a market commentary and is not a paid advertisement. It is neither an offer nor a recommendation to buy or sell any security. This article is being distributed by American News Group, which is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. This is an independent market commentary published on a non-paid basis. MEL has not been paid any fee by any company mentioned in this article for its production or distribution, and MEL has no advertising or digital media agreement with any company mentioned in this article. The companies mentioned have not reviewed or approved this article. 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Quotations attributed to company executives are reproduced from those companies' own news releases. Share price moves cited are as reported by the Associated Press for the session of October 9, 2026. Scheduled release dates and times are as announced by each company and the U.S. Bureau of Labor Statistics and are subject to change. The spectrum transaction described remains subject to regulatory approval. Stock Preachers Disclosure. Stock Preachers, including its market report The Roadmap, is a market-commentary publication owned by MEL, and references to it in this article constitute promotion of an affiliated product. Stock Preachers is not a broker-dealer, and nothing on its website, in The Roadmap or in this article is financial, investment, tax, or legal advice. Its content is for informational and educational purposes only. Always do your own research before making any investment decision. 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Bellevue, Washington-based T-Mobile US, Inc. (TMUS) provides mobile communications services. Valued at $159.4 billion by market cap, the company offers wireless voice, messaging, and data services. The leading telco operator is expected to announce its fiscal third-quarter earnings for 2026 after the market closes on Wednesday, Oct. 28. Ahead of the event, analysts expect T-Mobile to report a profit of $2.86 per share on a diluted basis, up 10.4% from $2.59 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports. - 'When You Say I Should Pay $100 Billion, Then I'm Starting To Do A Little Math': Bill Gates Said He'd Happily Pay 'Over $10 Billion In Taxes' But Some Are Asking Too Much - How to Play Rivian Stock as RIVN Keeps Falling Despite Record Deliveries - Dan Ives Calls SpaceX's $40B Nvidia Chip Debt Plan a 'Smart Move' - Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect T-Mobile to report EPS of $11.09, up 9.2% from $10.16 in fiscal 2025. Its EPS is expected to rise 21.3% year over year to $13.45 in fiscal 2027. TMUS stock has notably underperformed the S&P 500 Index's ($SPX) 16% gains over the past 52 weeks, with shares down 34.3% during this period. Similarly, it underperformed the State Street Communication Services Select Sector SPDR ETF's (XLC) 4% losses over the same time frame. TMUS underperformed due to investor concerns over decelerating subscriber growth, heightened promotional competition from Verizon Communications Inc. (VZ) and AT&T Inc. (T), and strategic friction from migrating legacy customers onto pricier plans. Additionally, heavy capital commitments toward joint ventures and fiber expansion, elevated smartphone costs impacting margins, and emerging overhangs around satellite-to-cellular capabilities have weighed on valuation multiples despite solid earnings beats. On Jul. 23, TMUS shares tumbled over 10% after reporting its Q2 results. Its adjusted EPS of $3.13 exceeded Wall Street expectations of $2.49. The company's revenue was $22.8 billion, exceeding Wall Street forecasts of $22.7 billion. Analysts' consensus opinion on TMUS stock is bullish, with a "Strong Buy" rating overall. Out of 30 analysts covering the stock, 20 advise a "Strong Buy" rating, three suggest a "Moderate Buy," and seven give a "Hold." TMUS' average analyst price target is $241.82, indicating an ambitious potential upside of 62.8% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com