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Compared to Estimates, AT&T (T) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2023, AT&T (T - Free Report) reported revenue of $29.92 billion, up 0.9% over the same period last year. EPS came in at $0.63, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of -0.57% over the Zacks Consensus Estimate of $30.09 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +5.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AT&T performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Mobility Net Additions - Postpaid Phone: 326 thousand versus 410.33 thousand estimated by five analysts on average.
Broadband connections - Total: 15304 thousand versus 13689.8 thousand estimated by five analysts on average.
Consumer Wireline - Non Fiber Broadband Connections: 5957 thousand versus the four-analyst average estimate of 5894.17 thousand.
Consumer Wireline - Fiber Broadband Net Additions: 251 thousand versus the four-analyst average estimate of 308.59 thousand.
Revenues- Communications- Business Wireline: $5.28 billion compared to the $5.32 billion average estimate based on six analysts. The reported number represents a change of -5.7% year over year.
Revenues- Communications- Mobility: $20.32 billion versus the six-analyst average estimate of $20.57 billion. The reported number represents a year-over-year change of +2%.
Revenues- Corporate and Other: $105 million versus the six-analyst average estimate of $122.73 million.
Revenues- Communications- Consumer Wireline: $3.25 billion versus the six-analyst average estimate of $3.24 billion. The reported number represents a year-over-year change of +2.4%.
Revenues- Latin America: $967 million versus $856.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.7% change.
Revenues- Total Communications: $28.85 billion compared to the $29.13 billion average estimate based on five analysts. The reported number represents a change of +0.5% year over year.
Revenues- Latin America- Mexico: $967 million compared to the $879.50 million average estimate based on four analysts. The reported number represents a change of +19.7% year over year.
Revenues- Latin America- Wireless equipment: $332 million versus $266.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
Shares of AT&T have returned -6.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, AT&T (T) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2023, AT&T (T - Free Report) reported revenue of $29.92 billion, up 0.9% over the same period last year. EPS came in at $0.63, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of -0.57% over the Zacks Consensus Estimate of $30.09 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +5.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AT&T performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Mobility Net Additions - Postpaid Phone: 326 thousand versus 410.33 thousand estimated by five analysts on average.
- Broadband connections - Total: 15304 thousand versus 13689.8 thousand estimated by five analysts on average.
- Consumer Wireline - Non Fiber Broadband Connections: 5957 thousand versus the four-analyst average estimate of 5894.17 thousand.
- Consumer Wireline - Fiber Broadband Net Additions: 251 thousand versus the four-analyst average estimate of 308.59 thousand.
- Revenues- Communications- Business Wireline: $5.28 billion compared to the $5.32 billion average estimate based on six analysts. The reported number represents a change of -5.7% year over year.
- Revenues- Communications- Mobility: $20.32 billion versus the six-analyst average estimate of $20.57 billion. The reported number represents a year-over-year change of +2%.
- Revenues- Corporate and Other: $105 million versus the six-analyst average estimate of $122.73 million.
- Revenues- Communications- Consumer Wireline: $3.25 billion versus the six-analyst average estimate of $3.24 billion. The reported number represents a year-over-year change of +2.4%.
- Revenues- Latin America: $967 million versus $856.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19.7% change.
- Revenues- Total Communications: $28.85 billion compared to the $29.13 billion average estimate based on five analysts. The reported number represents a change of +0.5% year over year.
- Revenues- Latin America- Mexico: $967 million compared to the $879.50 million average estimate based on four analysts. The reported number represents a change of +19.7% year over year.
- Revenues- Latin America- Wireless equipment: $332 million versus $266.53 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
View all Key Company Metrics for AT&T here>>>Shares of AT&T have returned -6.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.