Telecommunications conglomerate AT&T (NYSE: T) will be reporting results this Wednesday before market hours. Here’s what to look for.
AT&T beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $30.85 billion, up 3.5% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ 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 2.1% year on year to $30.85 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.54 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 three times over the last two years.
Looking at AT&T’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 6.5%, and Delta reported revenues up 6.4%, topping estimates by 3.8%. Nike traded up 6.5% following the results while Delta’s stock price was unchanged.
Read our full analysis of Nike’s results here and Delta’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. AT&T is down 9.7% during the same time and is heading into earnings with an average analyst price target of $30.58 (compared to the current share price of $26.12).
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