T-Mobile $TMUS Dark Pool Buying Detected

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Dark pool trading occurred in T-Mobile $TMUS stock between October 25-27, 2022. The dark pool orders occurred around when the company reported Q3 earnings and an additional 1.6 million customers.

Dark Pool Trade In T-Mobile Stock

The dark pool trades were likely buy orders because of how $TMUS stock went up following the trades hitting the tape.

T-Mobile stock chart on October 28, 2022, with dark pool trades shown in orange bars. A table is to the right of the chart with the text TIME SYMBOL MESSAGE PRICE 10/27/22 TMUS 272,516 DARK BLOCK $38.0M 5.26% AvgVol $140.63 10/26/22 TMUS 115,000 DARK BLOCK $16.0M 2.23% AvgVol $140.84 10/25/22 TMUS 150,000 BLOCK $21.0M 2.91 % AvgVol $140.94

Make sure to review this lesson on dark pool trading so that you understand the chart above.

T-Mobile Delivers Industry-Leading Customer and Cash Flow Growth in Q3 2022 and Raises 2022 Guidance for the Third

On October 27, 2022, T-Mobile reported Q3 EPS of 40c versus the consensus estimate of 4c. The company reported Q3 revenue of $19.47B versus the consensus estimate of $19.99B.

“We’ve always said our aspiration was to be the first and only provider to offer customers both the best network and the best value without having to sacrifice one for the other – and based on another set of standout customer and financial results for Q3, it’s clear we’re delivering on that promise,” said Mike Sievert, CEO of T-Mobile. “On the heels of our highest ever postpaid account net additions and industry-leading postpaid and broadband customer growth, we are raising guidance for the third time this year. Our Un-carrier playbook continues to win in this ever-changing competitive and macro-economic climate and our momentum is only getting stronger.”

Industry-Leading Growth in Postpaid and Broadband Customers

  • Postpaid net account additions of 394 thousand, best in industry and highest in company history
  • Postpaid net customer additions of 1.6 million, more than AT&T and Verizon combined
  • Postpaid phone net customer additions of 854 thousand, best in industry and highest since merger
  • Postpaid phone churn of 0.88%, only operator to improve year-over-year
  • High Speed Internet net customer additions of 578 thousand, best in industry for fourth consecutive quarter

Strong Financial Results Drive Guidance Raise for the Third Consecutive Quarter in 2022

  • Service revenues of $15.4 billion grew 4% year-over-year, including industry-leading Postpaid service revenue growth of 7%
  • Net income of $508 million and diluted earnings per share of $0.40 decreased year-over-year primarily due to merger-related costs and loss related to the anticipated sale of the wireline business amounting to a combined impact of $1.8 billion, net of tax, or $1.41 per share
  • Core Adjusted EBITDA(2) of $6.7 billion grew 11% year-over-year, best growth in industry and raising guidance
  • Net cash provided by operating activities of $4.4 billion grew 26% year-over-year, best growth in industry and raising guidance
  • Free Cash Flow of $2.1 billion grew 32% year-over-year, best growth in industry and raising guidance
  • Repurchased 4.9 million shares of common stock in the quarter for a total purchase price of $669 million

5G Network Delivers Differentiated Customer Experience and Drives Overall Network Leadership

  • Further extended network leadership as the nation’s largest, fastest, most reliable and most awarded 5G network
  • Ultra Capacity 5G covers 250 million people, as many as Verizon plans to cover more than two years from now

T-Mobile price target raised to $201 at Cowen

On October 28, 2022, Cowen analyst Paul Gallant raised the price target on T-Mobile to $201 from $187 and kept an Outperform rating on the shares. Gallant said they posted solid Q3 2022 results highlighted by industry-leading phone adds of 1.6 million.

T-Mobile CEO says customers are able to pay their bills despite rising inflation

T-Mobile $TMUS Stock Technical Analysis

T-Mobile $TMUS stock is in a technical uptrend. Long-term indicators suggest a continuation of the uptrend. However, short-term indicators suggest $TMUS stock is approaching overbought territory and so profit taking or a trend reversal is possible. The stock has formed a downtrend channel breakout chart pattern.

T-Mobile stock chart on October 28, 2022, on a downtrend channel breakout with a positive MACD and negative money flow.
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