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Uncovering Potential: AT&T's Earnings Preview

AT&T (NYSE:T) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect AT&T to report an earnings per share (EPS) of $0.57.

The announcement from AT&T is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings Track Record

In the previous earnings release, the company missed EPS by $0.00, leading to a 0.16% increase in the share price the following trading session.

Here's a look at AT&T's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.57

0.50

0.56

0.59

EPS Actual

0.57

0.55

0.54

0.64

Price Change %

0.0%

-1.0%

3.0%

1.0%

Tracking AT&T's Stock Performance

Shares of AT&T were trading at $21.66 as of October 21. Over the last 52-week period, shares are up 39.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on AT&T

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on AT&T.

The consensus rating for AT&T is Outperform, derived from 11 analyst ratings. An average one-year price target of $22.82 implies a potential 5.36% upside.

Comparing Ratings Among Industry Peers

In this comparison, ...