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Countdown to AT&T (T) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts expect AT&T (T - Free Report) to post quarterly earnings of $0.61 per share in its upcoming report, which indicates a year-over-year increase of 13%. Revenues are expected to be $31.68 billion, up 3.2% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some AT&T metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Operating Revenues- Corporate and Other' should arrive at $92.53 million. The estimate indicates a year-over-year change of -5.6%.
The collective assessment of analysts points to an estimated 'Operating Revenues- Latin America' of $1.15 billion. The estimate suggests a change of +5.4% year over year.
The combined assessment of analysts suggests that 'Revenues- Latin America- Wireless equipment' will likely reach $454.10 million. The estimate suggests a change of +13.8% year over year.
The consensus among analysts is that 'Revenues- Latin America- Wireless service' will reach $654.66 million. The estimate indicates a year-over-year change of -5.9%.
Analysts' assessment points toward 'Retail Wireless Net Adds- Phone - Postpaid' reaching 365.63 thousand. Compared to the current estimate, the company reported 328.00 thousand in the same quarter of the previous year.
The average prediction of analysts places 'Retail Wireless Subscribers- Phone - Postpaid' at 75.29 million. The estimate compares to the year-ago value of 90.26 million.
It is projected by analysts that the 'Retail Wireless Subscribers- Phone' will reach 91.73 million. Compared to the current estimate, the company reported 73.80 million in the same quarter of the previous year.
Analysts predict that the 'Internet Connections - Fiber' will reach 13.26 million. Compared to the present estimate, the company reported 10.12 million in the same quarter last year.
The consensus estimate for 'Internet Net Adds - Fiber' stands at 390.00 thousand. Compared to the current estimate, the company reported 288.00 thousand in the same quarter of the previous year.
Analysts expect 'Internet Connections - Fixed Wireless' to come in at 2.91 million. The estimate compares to the year-ago value of 4.37 million.
Analysts forecast 'Retail Wireless Subscribers- Phone - Prepaid' to reach 16.45 million. Compared to the current estimate, the company reported 18.54 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Internet Net Adds - AT&T Internet Air (AIA)' should come in at 238.33 thousand. The estimate is in contrast to the year-ago figure of 270.00 thousand.
Over the past month, AT&T shares have recorded returns of -7.4% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), T will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Countdown to AT&T (T) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect AT&T (T - Free Report) to post quarterly earnings of $0.61 per share in its upcoming report, which indicates a year-over-year increase of 13%. Revenues are expected to be $31.68 billion, up 3.2% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some AT&T metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Operating Revenues- Corporate and Other' should arrive at $92.53 million. The estimate indicates a year-over-year change of -5.6%.
The collective assessment of analysts points to an estimated 'Operating Revenues- Latin America' of $1.15 billion. The estimate suggests a change of +5.4% year over year.
The combined assessment of analysts suggests that 'Revenues- Latin America- Wireless equipment' will likely reach $454.10 million. The estimate suggests a change of +13.8% year over year.
The consensus among analysts is that 'Revenues- Latin America- Wireless service' will reach $654.66 million. The estimate indicates a year-over-year change of -5.9%.
Analysts' assessment points toward 'Retail Wireless Net Adds- Phone - Postpaid' reaching 365.63 thousand. Compared to the current estimate, the company reported 328.00 thousand in the same quarter of the previous year.
The average prediction of analysts places 'Retail Wireless Subscribers- Phone - Postpaid' at 75.29 million. The estimate compares to the year-ago value of 90.26 million.
It is projected by analysts that the 'Retail Wireless Subscribers- Phone' will reach 91.73 million. Compared to the current estimate, the company reported 73.80 million in the same quarter of the previous year.
Analysts predict that the 'Internet Connections - Fiber' will reach 13.26 million. Compared to the present estimate, the company reported 10.12 million in the same quarter last year.
The consensus estimate for 'Internet Net Adds - Fiber' stands at 390.00 thousand. Compared to the current estimate, the company reported 288.00 thousand in the same quarter of the previous year.
Analysts expect 'Internet Connections - Fixed Wireless' to come in at 2.91 million. The estimate compares to the year-ago value of 4.37 million.
Analysts forecast 'Retail Wireless Subscribers- Phone - Prepaid' to reach 16.45 million. Compared to the current estimate, the company reported 18.54 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Internet Net Adds - AT&T Internet Air (AIA)' should come in at 238.33 thousand. The estimate is in contrast to the year-ago figure of 270.00 thousand.
View all Key Company Metrics for AT&T here>>>Over the past month, AT&T shares have recorded returns of -7.4% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), T will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .