AT&T and Time Warner Cable Shares Decline Before Earnings

AT&T, Inc. (NYSE:T) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for net income of 44 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 54 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 47 cents during the last month. Analysts are projecting profit to rise by 2.6% versus last year to $2.23.

The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the second quarter, the company fell in line with expectations by reporting profit of 61 cents per share last quarter. Analysts are projecting a rise of 1.9% in revenue from the year-earlier quarter to $31.95 billion.

Competitors to Watch: Deutsche Telekom AG (DTEGY), Verizon Communications Inc. (NYSE:VZ), Sprint Nextel Corporation (NYSE:S), CenturyLink, Inc. (NYSE:CTL), General Communication, Inc. (NASDAQ:GNCMA), Cbeyond, Inc. (NASDAQ:CBEY), MetroPCS Communications, Inc. (NYSE:PCS), Cincinnati Bell Inc. (NYSE:CBB), PAETEC Holding Corp. (NASDAQ:PAET), and Frontier Communications Corp (NYSE:FTR).

Time Warner Cable, Inc. (NYSE:TWC) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for profit of $1.20 per share, a rise of 21.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.26. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.20 during the last month. Analysts are projecting profit to rise by 19.6% versus last year to $4.45.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of $1.11 per share versus a mean estimate of profit of $1.14 per share. In the second quarter, the company beat estimates by 3 cents. On average, analysts predict $4.97 billion in revenue this quarter, a rise of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $19.63 billion for the year, a rise of 4% from last year’s revenue of $18.87 billion.

Competitors to Watch: Comcast Corporation (NASDAQ:CMCSA), Cablevision Systems Corp. (NYSE:CVC), Mediacom Communications Corp. (NASDAQ:MCCC), Time Warner Inc. (NYSE:TWX), AT&T Inc. (NYSE:T), DISH Network Corp. (NASDAQ:DISH), Charter Communications, Inc. (NASDAQ:CHTR), Verizon Communications Inc. (NYSE:VZ), DIRECTV (NASDAQ:DTV), and China Cablecom Hldgs. Ltd. (NASDAQ:CABL).