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AT&T (T) Outpaces Stock Market Gains: What You Should Know

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AT&T (T - Free Report) closed at $23.42 in the latest trading session, marking a +1.61% move from the prior day. This change outpaced the S&P 500's 0.33% gain on the day. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.

Prior to today's trading, shares of the telecommunications company had lost 10.87% lagged the Computer and Technology sector's gain of 1.62% and the S&P 500's gain of 1.41%.

The investment community will be paying close attention to the earnings performance of AT&T in its upcoming release. The company is slated to reveal its earnings on October 21, 2026. The company's earnings per share (EPS) are projected to be $0.61, reflecting a 12.96% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $31.68 billion, up 3.17% from the year-ago period.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.33 per share and revenue of $129.17 billion. These totals would mark changes of +9.91% and +2.8%, respectively, from last year.

Any recent changes to analyst estimates for AT&T should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.55% lower. AT&T currently has a Zacks Rank of #3 (Hold).

Looking at its valuation, AT&T is holding a Forward P/E ratio of 9.89. This expresses a discount compared to the average Forward P/E of 10.5 of its industry.

One should further note that T currently holds a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Wireless National industry currently had an average PEG ratio of 1.51 as of yesterday's close.

The Wireless National industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 99, finds itself in the top 41% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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