2 Graphs To Watch Before The AT&T Earnings Report

AT&T Inc. T is scheduled to report its first quarter financial results on Wednesday after market close.

According to Estimize, Wall Street analysts project consensus EPS of $0.63 on revenue of $32.879 billion. The crowd is slightly more bullish, and expects EPS of $0.64 on revenue of $32.907 billion.

These estimates imply a marked decline from earnings of $0.71 per share in the same quarter last year, but an increase from last quarter’s $0.55.

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The graph below illustrates the estimates and actual earnings history:

Another Estimize feature provides information on how estimates have changed over time.

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While the crowd’s projections have been stable over the past couple of months, Wall Street analysts have been losing confidence, cutting their estimates over March and April.

What Analysts Are Saying

Last week, a Credit Suisse analyst reiterated an Outperform rating and $38 price target on AT&T. For its part, JP Morgan maintained a Neutral rating and a $32 price target, same as Citigroup.