AT&T (T) Q3 Earnings and Revenues Lag Estimates

Core Insights - AT&T reported quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.55 per share, and down from $0.60 per share a year ago, resulting in an earnings surprise of -1.82% [1] - The company posted revenues of $30.71 billion for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 0.81%, but an increase from $30.21 billion year-over-year [2] - AT&T's stock has increased by approximately 14.4% since the beginning of the year, slightly underperforming the S&P 500's gain of 14.5% [3] Earnings Outlook - The future performance of AT&T's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.45, with expected revenues of $32.56 billion, and for the current fiscal year, the EPS estimate is $2.05 on revenues of $125 billion [7] Estimate Revisions - The trend of estimate revisions for AT&T was mixed prior to the earnings release, leading to a Zacks Rank of 3 (Hold), indicating expected performance in line with the market [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] Industry Context - The Wireless National industry, to which AT&T belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Spok Holdings, is expected to report quarterly earnings of $0.19 per share, reflecting a year-over-year increase of 5.6% [9]