AT&T Inc. (NYSE:T) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, T to report 3Q20 income of $ 0.76 per share.
For the full year, analysts anticipate top line of $ 169659.00 million, while looking forward to income of $ 3.18 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 183,005.00 million ~ $ 184,817.00 million, where as bottomline are predicted in a range of $ 3.60 ~ $ 3.70 per share
Click Here For More Historical Outlooks Of AT&T Inc.
Previous Quarter Performance
AT&T Inc. unveiled income for the second quarter of $ 0.83 per share, from the revenue of $ 40,950.00 million. The quarterly earnings shrunk 6.74 percent while revenues down 8.91 percent compared with the same quarter last year.
According to street consensus, T was expected to report 2Q20 income of $ 0.79 per share from revenue of $ 41020.90 million. The bottom line results beat street analysts by $ 0.04 or 5.06 percent, at the same time, top line results fell short of analysts by $ 70.9 million or 0.17 percent.
Stock Performance
Shares of AT&T Inc. traded up $ 0.09 or 0.32 percent on Wednesday, reaching $ 26.85 with volume of 32.05 million shares. The stock opened positive for the day at $ 26.77, after closing the previous day trading at $ 26.76.
According to the previous trading day, closing price of $ 26.76, representing a 2.61 % increase from the 52 week low of $ 26.08 and a 32.59 % decrease over the 52 week high of $ 39.70.
The company has a market capital of $ 191.27 billion and is part of the Communication Services sector and Telecom Services industry.
Recent Analyst recommendations
- On 5th October 2020, downgraded by KeyBanc to Underweight from Sector Weight rating.
- On 31st August 2020, downgraded by Scotiabank to Sector Underperform from Sector Perform rating, with $ 30.00 target price.
Conference Call
AT&T Inc. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.att.com
AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr.
