12 Oct

Can AT&T Continue Its Earnings Growth in 3Q17?

WRITTEN BY Ambrish Shah

AT&T’s earnings in 3Q17

AT&T (T) will report its results for 3Q17 on October 24, 2017. In this series, we’ll look at analysts’ expectations for AT&T for the quarter. Wall Street analysts are expecting the company’s earnings to increase in 3Q17. They anticipate adjusted EPS (earnings per share) of ~$0.76 compared to $0.74 in 3Q16.

In 2Q17, AT&T’s EPS rose ~9.7% YoY (year-over-year) to $0.79 compared to $0.72 in 2Q16.

Can AT&T Continue Its Earnings Growth in 3Q17?

AT&T’s consensus versus actual earnings

In 2Q17, AT&T’s earnings outperformed analysts’ consensus estimate by 8.2%. The company’s earnings met analysts’ consensus expectations in 1Q17, 4Q16, and 3Q16.

In 2Q17, AT&T gained 2.8 million wireless net customers amid strong competition from T-Mobile (TMUS) and Sprint (S). AT&T increased its gains by expanding its footprint in Mexico and through the growth of connected devices primarily due to the IoT (Internet of Things).

In comparison, Verizon’s (VZ) adjusted EPS rose ~2.1% YoY to $0.96 on the exclusion of one-time items.

In the next part, we’ll see how much total revenue growth analysts are expecting from AT&T in 3Q17.

Latest articles

Yesterday, Pershing Square Capital Management filed its 13F. In the third quarter, Berkshire Hathaway (BRK-B) (BRK-A) was Bill Ackman's only buy.

After Aurora Cannabis's Q1 earnings release on Thursday, its stock closed at $3.29 on the NYSE, 7.32% lower than the previous day.

Beyond Meat stock rose 1.8% on November 14 after Berenberg initiated coverage on it with a “buy” rating. Berenberg gave it a price target of $100.

With a year-to-date return of 21.9%, JetBlue Airways (JBLU) stock is one of the airline industry's top performers. Here are analysts' views on the stock.

In today’s Get Real, we saw Facebook's latest scandal, a new deal for Netflix, and AMD's game plan. Plus, a trader's guide to the commodities market.

JD.com (JD) shares are trading close to 3% higher in early market trading. The company announced its third-quarter results today.