AT&T (NYSE: T ) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict AT&T's revenues will expand 0.8% and EPS will increase 3.0%.
The average estimate for revenue is $31.84 billion. On the bottom line, the average EPS estimate is $0.68.
Last quarter, AT&T booked revenue of $31.36 billion. GAAP reported sales were 1.5% lower than the prior-year quarter's $31.82 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.64. GAAP EPS of $0.67 for Q1 were 12% higher than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 60.0%, 30 basis points better than the prior-year quarter. Operating margin was 18.9%, 30 basis points worse than the prior-year quarter. Net margin was 11.8%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $128.32 billion. The average EPS estimate is $2.50.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 5,429 members out of 5,888 rating the stock outperform, and 459 members rating it underperform. Among 1,213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,145 give AT&T a green thumbs-up, and 68 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AT&T is hold, with an average price target of $36.39.
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