AT&T’s postpaid phone net additions in the fourth quarter
AT&T (T), the second-largest wireless service provider in the United States, is looking to showcase its strength as it nears its fourth-quarter earnings release. The telecommunications company is expected to publish its results for the quarter on January 30.
On the day, AT&T is expected to report adjusted EPS of $0.86, a YoY (year-over-year) rise of ~10.3%. Meanwhile, Wall Street analysts expect AT&T’s total revenue to rise ~15.9% YoY to reach $48.5 billion in the quarter. In addition, the company is expected to report 200,000 postpaid phone customer net additions.
In the third quarter, AT&T gained 69,000 postpaid phone net customers due to disciplined promotional activities and bundling opportunities. The company lost 145,000 postpaid phone subscribers in the third quarter of 2017, and it gained 51,000 subscribers in the second quarter of 2018.
In comparison, Verizon (VZ) is expected to report 650,000 postpaid phone net subscriber additions in the fourth quarter, while T-Mobile (TMUS) is expected to report 1 million postpaid phone net customer additions. Sprint (S) is expected to report a loss of 65,000 postpaid phone net subscribers in the same period.
In the next article, we’ll look at AT&T’s expected prepaid subscriber net additions in the fourth quarter.