Should You Buy AT&T Ahead of Earnings?

Investors are always looking for stocks that are poised to beat at earnings season and AT&T, Inc. (T) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because AT&T is seeing favourable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favourable trends underneath the surface for T in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at 72 cents per share for T, compared to a broader Zacks Consensus Estimate of 70 cents per share. This suggests that analysts have very recently bumped up their estimates for F, giving the stock a Zacks Earnings ESP of 2.90% heading into earnings season.

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