Earnings Preview: AT&T Inc. (NYSE:T) moved down 18 times out of last 27 quarters

AT&T Inc. (NYSE:T) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 25, 2017. The stock added about 2.3 percent in price since last results when it was at $41.39 a share. Based on the most relevant past-periods data, there is an 66.67 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 18 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 3 occasions, and it has met expectations 5 times.

Here’s how traders responded to T earnings announcements over the past few quarters.

AT&T Inc. (T) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 1.09 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $0.66 which came in line with the consensus $0.66 projection (no surprise). For the quarter, revenue came in at 41.84B versus consensus estimate of 42.04B. The stock gained 0.92 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 22, 2016, it reported earnings at $0.74 a share compared with the consensus estimate of $0.74 per share (negative surprise of 0%). Revenue of 40.89B for that quarter was below the $41.15B analysts had expected. The stock retreated 0% the day following the earnings announcement, and on 7th day price change was 0%.

On July 21, 2016, it recorded $0.72 a share in earnings which missed the consensus estimate of $0.72 (negative surprise of 0%). Revenue for the quarter was $40.52B while analysts called for revenues to be $40.62B. The stock gained 1.38% the day following the earnings data was made public, and on 7th day price change was 0.12%.

On April 26, 2016, it announced earnings per share at $0.72 versus the consensus estimate of $0.69 per share (positive surprise of 4.35%). That came on revenues of $40.54B for that period. Analysts had expected $40.47B in revenue.

AT&T Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.75. The analysts’ present consensus range is $0.72-$0.79 for EPS. The market consensus range for revenue is between $40.34B and $42.34B, with an average of $40.94B.

AT&T Inc. (NYSE:T) last ended at $42.37, sending the company’s market cap near $260.22B. The consensus 12-month price target from analysts covering the stock is $43.15. The share price has declined -0.39% from its top level in 52 weeks and dropped 0.78% this year. It recently traded in a range of $42.18-$42.42 at a volume of 14298996 shares. The recent trading ended with the price nearly 0.98 higher for the last 5 trading days, rebounding 18.73% from its 52-week low.