AT&T Forecasts $0.55 EPS, Shares Up 6.9% Over Month
AT&T shares have climbed 6.9% over the past month, outperforming the S&P 500’s -1.3% return and nearing the wireless industry’s 8.9% gain. Analysts expect $0.55 EPS this quarter (+7.8% YoY) and maintain a Hold rating, with full-year EPS seen at $2.29 (+8%).
1. Stock Performance
Over the last month, AT&T shares rose 6.9% while the S&P 500 declined 1.3% and the wireless industry gained 8.9%.
2. Earnings Estimate Revisions
Consensus EPS for the current quarter is $0.55, a 7.8% increase year over year, with estimates up 0.2% in the past 30 days; full-year EPS is pegged at $2.29 (+8%) and next-year EPS at $2.55 (+11.3%), both showing recent upward revisions.
3. Revenue Forecasts
Current quarter sales are forecast at $31.13 billion (+1.7% year over year), with full-year revenue expected at $128.04 billion (+1.9%) and next-year revenue at $131.18 billion (+2.5%).
4. Valuation and Rating
The company holds a consensus Hold rating and a Value Style Score of A, indicating a discount to peers; last quarter’s revenue and EPS surprises were +2.24% and +13.04%, respectively, with AT&T beating EPS estimates in two of the past four quarters and revenue in three.