AT&T Inc. reports results for the quarter ended September 30 - Earnings Summary

• AT&T Inc. T.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 56 cents to 63 cents per share.

• Revenue rose 5.3% to $32.32 billion from a year ago; analysts expected $31.69 billion.

• AT&T Inc. shares had fallen by 4.0% this quarter and lost 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for AT&T Inc. is $28.00, about 16.4% above its last closing price of $23.42

This summary was machine generated from LSEG data October 21 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)