S&P 500 (NYSE:SPY) component AT&T (NYSE:T) will unveil its latest earnings tomorrow, Thursday, January 24, 2013. AT&T is a holding company whose subsidiaries and affiliates provide wireless and wireline telecommunications services and products to consumers and businesses worldwide. It also provides directory advertising and publishing services in the United States and international markets.
AT&T Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 48 cents per share, a rise of 14.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 48 cents during the last month. For the year, analysts are projecting profit of $2.37 per share, a rise of 7.7% from last year.
Past Earnings Performance: Last quarter, the company reported net income of 62 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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Here’s how AT&T traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: