Telecommunications conglomerate AT&T (NYSE: T) will be announcing earnings results this Wednesday morning. Here’s what investors should know.
AT&T met analysts’ revenue expectations last quarter, reporting revenues of $30.71 billion, up 1.6% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but a miss of analysts’ Mobility revenue estimates.
Is AT&T a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting AT&T’s revenue to grow 1.5% year on year to $32.79 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $0.47 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AT&T has missed Wall Street’s revenue estimates four times over the last two years.
Looking at AT&T’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nike posted flat year-on-year revenue, beating analysts’ expectations by 1.7%, and Carnival reported revenues up 6.6%, falling short of estimates by 0.6%. Nike traded down 10.5% following the results while Carnival was up 13.6%.
Read our full analysis of Nike’s results here and Carnival’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. AT&T is down 4.9% during the same time and is heading into earnings with an average analyst price target of $29.48 (compared to the current share price of $23.54).
P.S. STOP buying the AI stocks everyone's talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.
