AT&T Inc (T) Stock Price, News, Quote & History
AT&T Inc. is a holding company. The company is a global provider of telecommunications, media and technology services. The company operates through three segments: Communications, WarnerMedia and Latin America. The Communications segment provides wireless and wireline telecommunications, video and broadband services to consumers.
The Communications segment's business segments include Mobile, Commercial Wireline, and Consumer Wireline. Business Wireline provides advanced IP-based services, traditional voice and data services. The WarnerMedia segment develops, produces and distributes movies, TV shows, games and other content in a variety of physical and digital formats. The WarnerMedia division also includes Xandr, which provides advertising services.
T Stock Price Update
The Latin American division provides entertainment and wireless services outside the United States. Mexico is a business unit of the Latin America segment, providing wireless services and equipment to customers in Mexico.
AT&T (T) was recently named to Zacks.com's list of most frequently searched stocks. Therefore, you should consider some key factors that may affect the stock's performance in the near future.
Over the past month, shares of the telecom company have returned +2.3%, compared with the Zacks S&P 500 Composite's gain of +7.4%. During the period, the Zacks Wireless National industry, which includes AT&T, has gained 1.6%. The key question now is: What is the future direction of the stock?
While media reports or rumors about a major change in a company's business outlook can often cause a stock to move and cause an immediate price change, there are always certain fundamental factors that ultimately drive a buy-and-hold decision.
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Revised earnings forecast
At Zacks, we prioritize evaluating changes in a company's earnings outlook rather than focusing on anything else. This is because we believe the fair value of its stock is determined by the present value of its future income streams.
Essentially, our analysis is based on how sell-side analysts covering stocks have revised their earnings forecasts to reflect the latest business trends. As a company's earnings forecast increases, so does the fair value of its stock. Investors tend to buy a stock when its fair value is higher than its current market price, causing its price to go higher. For this reason, empirical research shows a strong correlation between earnings forecast revision trends and short-term stock price movements.
For the quarter, AT&T is expected to report EPS of $0.79, down -8.1% from the year-ago quarter. The Zacks Consensus Estimate has declined -0.3% over the past 30 days.
Consensus earnings for the fiscal year are estimated at $3.10, indicating a year-over-year change of -8.8%. This estimate has changed by -0.1% over the past 30 days.
For the next fiscal year, the $3.13 consensus earnings forecast suggests a +0.7% change from what AT&T should have reported a year ago. Over the past month, this estimate has changed by -3.1%.
With an impressive third-party audit trail, our proprietary stock ranking tool - the Zacks Rank - becomes a more meaningful indicator of a stock's short-term price performance by effectively harnessing the power of earnings estimate revisions. The magnitude of recent consensus estimate changes, along with three other factors related to earnings estimates, lead to AT&T's Zacks #3 Rank (Hold).