AT&T earnings preview: What to expect

📆 1/24/2023 7:58 PM
📰 MarketWatch

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A day after Verizon Communications Inc. posted earnings, AT&T Inc. will share its perspective on the state of the wireless market.

AT&T T started to curry more favor on Wall Street last year as the company not only delivered on its subscriber narrative but also did so while making progress on profits, in the view of some analysts. The upcoming report will show how AT&T capped off the year, and how it’s faring in the current promotional environment.

Revenue: Analysts tracked by FactSet are looking for $31.4 billion in fourth-quarter revenue, down from $41.0 billion a year before, though those year-earlier results include the WarnerMedia contributions. The average estimate on Estimize is for $31.7 billion. Of the 27 analysts tracked by FactSet who cover AT&T’s stock, 11 have buy ratings, 12 have neutral ratings, and four have sell ratings, with an average price target of $20.50.

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