AT&T Beats Analyst Estimates on EPS
AT&T (NYS: T) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), AT&T met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share increased.
Margins improved across the board.
AT&T chalked up revenue of $31.58 billion. The 28 analysts polled by S&P Capital IQ wanted to see revenue of $31.69 billion on the same basis. GAAP reported sales were 0.3% higher than the prior-year quarter's $31.50 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.66. The 32 earnings estimates compiled by S&P Capital IQ predicted $0.63 per share. GAAP EPS of $0.66 for Q2 were 10% higher than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 60.8%, 310 basis points better than the prior-year quarter. Operating margin was 21.6%, 200 basis points better than the prior-year quarter. Net margin was 12.4%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $31.60 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $127.25 billion. The average EPS estimate is $2.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 5,348 members out of 5,811 rating the stock outperform, and 463 members rating it underperform. Among 1,326 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,251 give AT&T a green thumbs-up, and 75 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AT&T is hold, with an average price target of $34.12.
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The article AT&T Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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