uploads///Telecom ATT Q Adjusted EPS

How AT&T’s Earnings and Revenue Have Been Trending

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Dec. 28 2018, Updated 1:55 p.m. ET

AT&T’s earnings trend

AT&T (T) reported adjusted EPS of $2.67 in the first nine months of 2018 compared to $2.26 in the same period in 2017, reflecting an ~18.1% YoY (year-over-year) rise. In the third quarter, the telecommunications company reported adjusted EPS of $0.90 compared to $0.74 in the third quarter of 2017, reflecting a ~21.6% YoY rise. Analysts expect AT&T to report adjusted EPS of $0.85 and $3.52, respectively, in the fourth quarter and 2018.

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In comparison, Verizon’s (VZ) adjusted EPS are expected to rise ~26.7% YoY to $1.09 in the fourth quarter, while T-Mobile’s (TMUS) adjusted EPS are expected to rise ~14.8% YoY to $0.70. Sprint (S) is expected to post adjusted EPS of -$0.02 in the third quarter of fiscal 2018, which ends in December.

Revenue trends

AT&T’s net revenue was $122.8 billion in the first nine months of 2018 compared to $118.9 billion in the same period in 2017, reflecting a ~3.3% YoY rise. AT&T’s net revenue in the third quarter was $45.7 billion compared to $39.7 billion in the third quarter of 2017, reflecting a ~15.3% YoY rise. Analysts expect AT&T to generate revenues of $48.5 billion and $171.2 billion, respectively, in the fourth quarter and 2018.

In comparison, Verizon’s revenue is expected to rise ~1.2% YoY to $34.4 billion in the fourth quarter, while T-Mobile’s revenue is expected to rise ~5.6% YoY to $11.4 billion. Sprint’s revenue is expected to rise ~2.1% YoY to $8.4 billion in the third quarter of fiscal 2018.

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