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Analyzing AT&T’s Earnings Trend in 2019

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Earnings trend

In the first quarter, AT&T (T) reported an adjusted net income and diluted EPS of $6.3 billion and $0.86, respectively—compared to $5.3 billion and $0.85 in the first quarter of 2018. The company’s adjusted EPS rose 1.2% YoY (year-over-year). The EPS was in-line with analysts’ consensus estimate of $0.86 for the first quarter.

Analysts expect AT&T’s adjusted EPS to change YoY by -2.2% to $0.89 in the second quarter, 4.4% to $0.94 in the third quarter, and 3.5% to $0.89 in the fourth quarter. Analysts also expect the company’s adjusted EPS to change YoY by 1.1% to $3.56 in 2019, 2.0% to $3.63 in 2020, and -0.3% to $3.62 in 2021.

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Peers’ performance

T-Mobile’s (TMUS) adjusted EPS is expected to rise 5.4% YoY to $0.97 in the second quarter. Sprint (S) is expected to report an adjusted EPS loss of $0.03 in the first quarter of fiscal 2019, which ends on June 30.

AT&T, T-Mobile, and Sprint stocks have risen 13.6%, 23.1%, and 28.0%, respectively, year-to-date.

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