Can TMUS sustain its Q4 2024 earnings momentum?

**T-Mobile US (TMUS) is poised to sustain its Q4 2024 earnings momentum**, based on several key indicators:

1. **Strong Financial Performance in Q3**: T-Mobile reported better-than-expected third-quarter financial results, with quarterly earnings of $2.61 per share, surpassing the analyst consensus estimate of $2.41. Quarterly revenue amounted to $20.16 billion, beating the analyst consensus estimate of $20.01 billion.
2. **Raised FY24 Guidance**: The company raised its FY24 guidance, now expecting between 5.6 million and 5.8 million postpaid net customer additions, core adjusted EBITDA of between $31.6 billion and $31.8 billion. This indicates confidence in continued growth and profitability.

3. **Positive Analyst Ratings**: Analysts have maintained or raised their price targets on T-Mobile following the earnings announcement, reflecting optimism about the company's future performance. Institutional investors have also made significant purchases of T-Mobile stock, with OneAscent Wealth Management LLC buying 2,381 shares in the third quarter.
4. **Growth Focus**: T-Mobile's focus on developing advanced 5G use cases and investment in fixed wireless and fiber networks signal long-term growth potential. The company's partnership with Rice Rivers Center to utilize 5G technology for conservation efforts is a positive indicator of its innovative approach to market development.
5. **Customer Growth and Retention**: T-Mobile reported the highest Q3 postpaid phone net customer additions in a decade, with a record low Q3 postpaid phone churn. These metrics underscore the company's successful customer acquisition and retention strategies.
6. **Financial Health**: T-Mobile's net cash from operations is projected at between $22 billion and $22.3 billion, and adjusted free cash flow is expected in a range of $16.7 billion to $17 billion. These figures suggest a strong capacity for generating cash, which is crucial for sustaining earnings momentum.
7. **Market Position**: T-Mobile's market capitalization of $274.37 billion and its position as the second-largest wireless carrier in the US provide a solid foundation for sustaining earnings momentum.

In conclusion, T-Mobile US's strong financial performance, raised guidance, positive analyst ratings, strategic growth focus, and robust customer growth and retention metrics, along with its financial health and market position, support the view that TMUS can sustain its Q4 2024 earnings momentum.