Millicom International Cellular (NASDAQ:TIGO) Announces Quarterly Earnings Results, Misses Expectations By $0.40 EPS

Millicom International Cellular (NASDAQ:TIGO) announced its quarterly earnings results on Thursday. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.40), FiscalAI reports. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.23 billion. Millicom International Cellular had a return on equity of 18.39% and a net margin of 9.19%. The company’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS.

Here are the key takeaways from Millicom International Cellular’s conference call:

• Millicom delivered 5.4% organic service-revenue growth and record adjusted EBITDA of $1.1 billion, up 7.7%, with a 48% margin. Third-quarter Equity Free Cash Flow rose 27% to $316 million, and the company maintained its full-year target of about $1.1 billion.
• Leverage declined to 2.53, and management said its path to below 2.5 remains intact. Executives also said the Colombia integration’s most intensive phase is largely behind them and expect the market to approach a 50% EBITDA margin in 2027.
• Home customers fell by 86,000 sequentially, reflecting earthquake-related disruption in Colombia and the company’s pricing strategy; management expects continued pressure on home subscriber additions in Q4. B2B growth may also moderate near term as certain projects roll off.
• Millicom reached a settlement resolving pending material litigation and claims in Guatemala, removing a source of financial and regulatory uncertainty. The settlement resulted in a high-double-digit-million-dollar expense in the quarter.

Millicom International Cellular Trading Up 2.6%

TIGO stock traded up $2.03 during mid-day trading on Thursday, reaching $79.12. 1,341,076 shares of the stock traded hands, compared to its average volume of 959,950. Millicom International Cellular has a one year low of $46.85 and a one year high of $107.13. The stock has a market capitalization of $13.37 billion, a PE ratio of 22.34 and a beta of 1.00. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53. The business has a 50-day moving average price of $87.57 and a two-hundred day moving average price of $83.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TIGO shares. Zacks Research raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. cut shares of Millicom International Cellular from an “overweight” rating to a “neutral” rating and upped their target price for the company from $100.00 to $105.00 in a research report on Tuesday, August 18th. Royal Bank Of Canada set a $105.00 price target on shares of Millicom International Cellular in a report on Tuesday, August 18th. Scotiabank lifted their price target on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research report on Friday, August 7th. Finally, UBS Group lifted their price target on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.68.

Key Stories Impacting Millicom International Cellular

Here are the key news stories impacting Millicom International Cellular this week:

• Positive Sentiment: Revenue rose 60.8% year over year to $2.28 billion, beating analysts’ estimate of $2.23 billion; organic growth was 4.8%. Adjusted EBITDA increased 57.7% to $1.09 billion, and equity free cash flow grew 27.1% to $316 million. Millicom Q3 2026 Earnings Release
• Positive Sentiment: Millicom said leverage decreased to 2.53x, including its acquisitions in Colombia, Ecuador and Uruguay. It also increased the January and April 2027 dividend payments by an additional $0.75 per share, following a shift to a May-to-May dividend cycle. Millicom Q3 2026 Earnings Release
• Neutral Sentiment: Reported revenue growth was partly acquisition-driven: organic growth was more modest at 4.8%. Millicom Q3 2026 Earnings Release
• Negative Sentiment: EPS was $0.58, missing the $0.98 consensus estimate. Reports attributed the shortfall in part to one-time charges; net profit attributable to company owners was $98 million. The earnings miss and lower profit may temper the positive revenue and cash-flow figures. Millicom Q3 2026 Earnings: Revenue Beats but EPS Misses

Millicom International Cellular Company Profile

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.