AT&T (T) Q4 Earnings and Revenues Beat Estimates

Core Insights - AT&T reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, but down from $0.54 per share a year ago, resulting in an earnings surprise of +13.04% [1] - The company generated revenues of $33.47 billion for the quarter, surpassing the Zacks Consensus Estimate by 2.24% and increasing from $32.3 billion year-over-year [2] - AT&T has outperformed consensus EPS estimates two times in the last four quarters and has topped revenue estimates three times in the same period [2] Earnings Outlook - The sustainability of AT&T's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $31.07 billion, while the estimate for the current fiscal year is $2.25 on revenues of $126.98 billion [7] Industry Context - The Wireless National industry, to which AT&T belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact AT&T's stock performance [5][6]