AT&T Inc. kicks off earnings season for wireless companies Thursday morning with a report that will show whether subscriber growth has remained robust after two big growth years for the industry.What to expect Earnings: Analysts tracked... AT&T Inc. kicks off earnings season for wireless companies Thursday morning with a report that will show whether subscriber growth has remained robust after two big growth years for the industry.
Revenue: The FactSet consensus calls for AT&T to post $30.2 billion in revenue, down from a year-earlier total of $38.1 billion that included WarnerMedia contributions. The average estimate on Estimize is for $30.4 billion. Of the 26 analysts tracked by FactSet who cover AT&T’s stock, 10 have buy ratings, 12 have hold ratings and four have sell ratings, with an average price target of $20.95.
Still, he thinks the company should be able to exceed its target of $16 billion or better in 2023 free cash flow. Kraft’s own estimate is for $17.2 billion on the year.
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