- Adjusted EPS for AT&T in Q2 2024 was $0.57, matching the estimate but down from $0.63 year-over-year.
- Revenue came in at $29.8 billion, a slight decrease of 0.3% year-over-year, below the expected $29.97 billion.
- Mobility revenue was $20.5 billion, a 1% increase year-over-year but below the $20.62 billion estimate.
- Adjusted EBITDA reached $11.3 billion, up 1.8% year-over-year, slightly missing the $11.31 billion estimate.
- Free cash flow was strong at $4.6 billion, a 9.5% increase year-over-year, surpassing the $4.12 billion estimate.
- AT&T added 593,000 wireless postpaid net subscribers, significantly beating the estimate of 383,370.
- Wireless postpaid phone net additions were 419,000, exceeding the estimate of 279,929.
- Annual forecasts still see free cash flow between $17 billion and $18 billion, close to the $17.51 billion estimate.
- Capital expenditure forecast remains between $21 billion and $22 billion, higher than the $18.93 billion estimate.
- The company continues to project adjusted EPS between $2.15 and $2.25, close to the $2.21 estimate.
- Adjusted EBITDA is projected to grow by 3%.
- AT&T expects adjusted EPS growth in 2025.
- The company is on track to pass over 30 million consumer and business locations with fiber by the end of 2025.
At&T Inc on Smartkarma
Smartkarma, a platform for independent investment research, features analyst coverage of AT&T Inc by Baptista Research. In their report “AT&T Inc: Consistent execution to drive up ARPUs! – Major Drivers,” Baptista Research expresses a bullish sentiment. The report highlights AT&T’s steady progress in becoming a leading connectivity provider through 5G and fiber. With a focus on high-value wireless and broadband subscribers, AT&T’s first-quarter performance saw growth in postpaid phone net adds and increased ARPU, leading to robust operating income and margins.
Another report by Baptista Research on Smartkarma, titled “AT&T Inc: Pursuit Of Growth Opportunities & New Launches – Major Drivers,” also leans bullish. It discusses AT&T’s strong growth and strategic investments, such as the addition of 1.7 million postpaid phone net subscriptions in Q4 2023. The company’s expansion in wireless and fiber customer base, combined with the success of their 5G and fiber networks, has driven significant revenue growth. AT&T’s pursuit of new opportunities and technological advancements positions them well for future growth.
A look at At&T Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
AT&T Inc. is showing a strong long-term outlook based on the Smartkarma Smart Scores. The company received high scores in Dividend and Growth factors, indicating a solid performance in these areas. With a Value score of 4, AT&T Inc. is also considered to be fairly priced. However, its Resilience score of 2 suggests some vulnerability to market fluctuations. Despite this, the company’s Momentum score of 4 indicates an ability to maintain upward movement in the market.
AT&T Inc. is a communications holding company that offers a wide range of services, including local and long-distance phone service, wireless and data communications, Internet access, and satellite television. With strong scores in Dividend and Growth, AT&T Inc. seems well-positioned to provide stable returns and potential for expansion in the future. Investors may find the company attractive for its dividend payouts and growth prospects, despite potential resilience challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
