We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AT&T (T) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
AT&T (T - Free Report) reported $29.8 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.4%. EPS of $0.57 for the same period compares to $0.63 a year ago.
The reported revenue represents a surprise of -1.17% over the Zacks Consensus Estimate of $30.15 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -1.72%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 419 thousand versus the four-analyst average estimate of 263.66 thousand.
Consumer Wireline - Broadband connections - Total: 13,836 thousand versus the four-analyst average estimate of 13,784.63 thousand.
Consumer Wireline - Non Fiber Broadband Net Additions: -187 thousand versus -246.04 thousand estimated by four analysts on average.
Consumer Wireline - Non Fiber Broadband Connections: 5,038 thousand versus 4,978.96 thousand estimated by four analysts on average.
Revenues- Communications- Business Wireline: $4.76 billion compared to the $4.86 billion average estimate based on five analysts. The reported number represents a change of -9.9% year over year.
Revenues- Communications- Consumer Wireline: $3.35 billion versus $3.39 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3% change.
Revenues- Corporate and Other: $112 million compared to the $101.81 million average estimate based on five analysts. The reported number represents a change of +6.7% year over year.
Revenues- Communications- Mobility: $20.48 billion compared to the $20.77 billion average estimate based on five analysts. The reported number represents a change of +0.8% year over year.
Revenues- Total Communications: $28.58 billion compared to the $29.03 billion average estimate based on five analysts. The reported number represents a change of -0.9% year over year.
Revenues- Latin America: $1.10 billion compared to the $1.07 billion average estimate based on five analysts. The reported number represents a change of +14.1% year over year.
Revenues- Latin America- Wireless equipment: $404 million versus the four-analyst average estimate of $342.81 million. The reported number represents a year-over-year change of +21.7%.
Revenues- Latin America- Wireless service: $699 million compared to the $712.50 million average estimate based on four analysts. The reported number represents a change of +10.1% year over year.
Shares of AT&T have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.8% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AT&T (T) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
AT&T (T - Free Report) reported $29.8 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.4%. EPS of $0.57 for the same period compares to $0.63 a year ago.
The reported revenue represents a surprise of -1.17% over the Zacks Consensus Estimate of $30.15 billion. With the consensus EPS estimate being $0.58, the EPS surprise was -1.72%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 419 thousand versus the four-analyst average estimate of 263.66 thousand.
- Consumer Wireline - Broadband connections - Total: 13,836 thousand versus the four-analyst average estimate of 13,784.63 thousand.
- Consumer Wireline - Non Fiber Broadband Net Additions: -187 thousand versus -246.04 thousand estimated by four analysts on average.
- Consumer Wireline - Non Fiber Broadband Connections: 5,038 thousand versus 4,978.96 thousand estimated by four analysts on average.
- Revenues- Communications- Business Wireline: $4.76 billion compared to the $4.86 billion average estimate based on five analysts. The reported number represents a change of -9.9% year over year.
- Revenues- Communications- Consumer Wireline: $3.35 billion versus $3.39 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3% change.
- Revenues- Corporate and Other: $112 million compared to the $101.81 million average estimate based on five analysts. The reported number represents a change of +6.7% year over year.
- Revenues- Communications- Mobility: $20.48 billion compared to the $20.77 billion average estimate based on five analysts. The reported number represents a change of +0.8% year over year.
- Revenues- Total Communications: $28.58 billion compared to the $29.03 billion average estimate based on five analysts. The reported number represents a change of -0.9% year over year.
- Revenues- Latin America: $1.10 billion compared to the $1.07 billion average estimate based on five analysts. The reported number represents a change of +14.1% year over year.
- Revenues- Latin America- Wireless equipment: $404 million versus the four-analyst average estimate of $342.81 million. The reported number represents a year-over-year change of +21.7%.
- Revenues- Latin America- Wireless service: $699 million compared to the $712.50 million average estimate based on four analysts. The reported number represents a change of +10.1% year over year.
View all Key Company Metrics for AT&T here>>>Shares of AT&T have returned -2.6% over the past month versus the Zacks S&P 500 composite's +1.8% 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.