AT&T, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component AT&T, Inc. (NYSE:T) will unveil its latest earnings on Thursday, October 20, 2011. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 61 cents per share, a rise of 10.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 60 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 61 cents during the last month. For the year, analysts are projecting net income of $2.38 per share, a rise of 3.9% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 60 cents per share versus a mean estimate of 59 cents. Two quarters ago, it reported net income of 57 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 0.1% in revenue from the year-earlier quarter to $31.62 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and 12 rating it as a hold.

A Look Back: In the second quarter, profit fell 10.7% to $3.59 billion (60 cents a share) from $4.02 billion (68 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.2% to $31.5 billion from $30.81 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 2% in the first quarter from the year earlier, climbed 1.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 2.4% in the third quarter of the last fiscal year.

The decrease in profit in the second quarter came after net income rose in the previous quarter. In the first quarter, net income rose 37.7%.

Competitors to Watch: 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).

Stock Price Performance: During August 18, 2011 to October 14, 2011, the stock price had risen $1.14 (4.1%) from $28.03 to $29.17. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 4, 2010 when shares rose for eight-straight days, rising 4% (+$1.06) over that span. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six-straight days, falling 4% (-$1.22) over that span. Shares are up $1.43 (+5.2%) year to date.

(Source: Xignite Financials)

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