AT&T reports third-quarter revenue of $30.2 billion, just missing Wall Street expectations of $30.4 billion.
As Verizon Communications Inc VZ and AT&T Inc T prepare to release their third quarter earnings, the stage is set for a head-to-head clash between the two telecom giants.
By investing in infrastructure and pioneering new technologies, T is well-positioned to enhance the connectivity landscape nationwide.
Telecom operator AT&T on Friday ratified agreements with the Communications Workers of America in the Southeast and West, which covers about 23,000 employees.
AT&T's dividend yield is currently lower than Verizon's, and its valuation is higher than historical averages, reducing its income appeal. Despite a strong share price rally, AT&T's financial performance has been lackluster, with limited growth prospects and declining equipment sales. AT&T's focus on reducing debt and investing in 5G and fiber infrastructure is positive, but its dividend growth is expected to remain minimal.
Get a deeper insight into the potential performance of AT&T (T) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
AT&T is nearing a pivotal point, with potential for aggressive debt repayments and an improving balance sheet. I expect Q3 net broadband subscriber additions of 230-250k, increased ARPU, a confirmed free cash flow forecast, and $1-2B in net debt repayments. AT&T has a favorable deleveraging trend, as indicated by falling net financial debt and lower interest expenses.
Could a dividend increase be coming for AT&T shareholders?
AT&T (T) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AT&T (T) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
AT&T appears to be treading in the middle of the road and investors could be better off if they trade with caution.
AT&T's stock has surged over 50% from its all-time lows, with technical analysis indicating strong bullish momentum and potential for further gains. Daily, weekly, and monthly moving averages show increasing bullish momentum, despite some near-term resistance and pullbacks. Key indicators like MACD and RSI confirm the uptrend, suggesting that the current rally is more sustainable than previous bear rallies.