AT&T Earnings Estimates Rise as Fiber and Wireless Growth Continue

Analyst
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Analysts have raised their earnings estimates for AT&T over the past 60 days, with fiscal 2026 and 2027 projections up 1.29% to $2.35 and 1.18% to $2.57 respectively. The company added more than 1 million fiber locations in the second quarter, bringing total fiber locations to 38.6 million, and expects to exceed 40 million by end of 2026 and 60 million by 2030. AT&T also added 432,000 postpaid phone customers with churn of just 0.86%, and 279,000 fixed wireless connections. However, the company faces high capital expenditure requirements, with net debt-to-adjusted EBITDA at 2.68X and total debt of $144 billion, and management expects leverage to rise to about 3.2X after the planned EchoStar spectrum acquisition. The stock has lost 14% in the past year, underperforming Verizon's 9.3% gain but outperforming T-Mobile's 29.2% decline, and currently trades at 9.86 forward earnings versus the industry's 33.07.

Impact on stocks 5

Cloud & Digital Infrastructure± Mixed · 5 stocks
AT&T Inc.
T
▲ PositiveDemandrelevance

AT&T added over 1 million fiber locations and 432,000 postpaid phone customers, indicating strong demand.

T-Mobile US Inc
TMUS
▼ NegativeCompetitionrelevance

T-Mobile's stock declined 29.2% in the past year, underperforming AT&T, but no specific news about T-Mobile.

Verizon Communications Inc
VZ
▲ PositiveCompetitionrelevance

Verizon's stock gained 9.3% in the past year, outperforming AT&T, but no specific news about Verizon.

EchoStar Corporation
ECHO
± MixedCapitalrelevance

AT&T's planned acquisition of EchoStar spectrum is mentioned, but impact on EchoStar is unclear.

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