AT&T Guides FY Adj EPS to $2.25-$2.35, Above Consensus
T is trading near its 52-week low of $19.89 (13% above the low) on elevated volume (2.5× avg).
Summary
AT&T issued full-year adjusted EPS guidance of $2.25 to $2.35, a range that sits above the current consensus estimate of $2.22. This is the first time the company has provided a concrete FY outlook since its mixed Q1 report in April, which showed higher operating income but lower net income and cash flow. The guidance signals management confidence in the back half of the year, likely reflecting benefits from recent strategic moves including the Lumen fiber acquisition and the new satellite joint venture with T-Mobile and Verizon. With the stock at $22.57, the midpoint of the range implies a forward P/E of roughly 9.8x, which could attract value-oriented buyers. The CFO transition announced in June adds a layer of uncertainty, but the guidance itself is a clear positive. Watch for any commentary on the earnings call about the sustainability of cost cuts and the impact of the $10 billion buyback program.
At the time of this announcement, T was trading at $22.57 on NYSE in the Trade & Services sector, with a market capitalization of approximately $154.7B. The 52-week trading range was $19.89 to $29.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.