AT&T Earnings Preview: Mixed Analyst Sentiment Ahead of Q3 Report
Telecommunications giant AT&T (T) faces a pivotal moment as it prepares to release third-quarter earnings on October 22. Consensus estimates project $0.54 EPS on $30.87 billion revenue—a year-over-year decline in profitability despite modest top-line growth. The company’s historical earnings beat rate (only two misses since Q2 2021) contrasts with recent analyst downgrades, signaling heightened scrutiny of its valuation.
Scotiabank’s downgrade to Hold reflects concerns about limited upside potential absent a significant earnings surprise, while Wells Fargo maintains bullish positioning despite trimming its price target. Market participants appear divided on whether AT&T’s improving cash FLOW stability and mobility segment strength can offset challenges in its business division and competitive pressures from Verizon.
