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AT&T (T) closed at $26.83 in the latest trading session, marking a +0.71% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.23% for the day. On the other hand, the Dow registered a loss of 0.91%, and the technology-centric Nasdaq increased by 0.1%.
Heading into today, shares of the telecommunications company had lost 1.77% over the past month, outpacing the Computer and Technology sector's loss of 16.18% and the S&P 500's loss of 12.13% in that time.
Market participants will be closely following the financial results of AT&T in its upcoming release. The company plans to announce its earnings on April 23, 2025. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 5.45% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $30.5 billion, indicating a 1.56% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.14 per share and a revenue of $124.15 billion, demonstrating changes of -5.31% and +1.48%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for AT&T. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.77% lower. As of now, AT&T holds a Zacks Rank of #3 (Hold).
Looking at valuation, AT&T is presently trading at a Forward P/E ratio of 12.45. This represents a discount compared to its industry's average Forward P/E of 19.83.
One should further note that T currently holds a PEG ratio of 3.05. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Wireless National industry currently had an average PEG ratio of 3.05 as of yesterday's close.
The Wireless National industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 28, positioning it in the top 12% of all 250+ industries.