- AT&T's earnings slightly missed expectations, but revenue surpassed forecasts.
- Analysts see a modest upside potential for AT&T stock.
- Subscriber growth remains a focal point for investors.
AT&T Inc. (NYSE:T) recently released its first-quarter financial results, reporting a non-GAAP earnings per share of $0.51. Although this figure was $0.01 below expectations, the company's revenue performance painted a brighter picture. AT&T achieved revenues of $30.63 billion, exceeding forecasts by $270 million. Subscriber growth continues to capture investors' attention as a critical indicator of future performance.
Wall Street Analysts Forecast
Analyst projections offer insight into AT&T's potential market performance, with 28 analysts setting a one-year price target average of $27.25. This includes a high estimate of $32.00 and a low of $17.80, suggesting a potential upside of 1.06% from the current share price of $26.96. Further insights and detailed estimates are accessible on the AT&T Inc (T, Financial) Forecast page.
The consensus recommendation among 31 brokerage firms assigns AT&T Inc. (T, Financial) an average rating of 2.1, signaling an "Outperform" status. This rating scale ranges from 1, which indicates a Strong Buy, to 5, denoting Sell. This reflects a generally positive market sentiment towards the stock.
According to GuruFocus estimates, AT&T's projected GF Value stands at $18.48 over the next year. This suggests an estimated downside of 31.45% from its current price of $26.96. The GF Value represents GuruFocus' evaluation of the stock's fair trading price, calculated using historical multiples, past business growth trends, and projected performance metrics. For a more comprehensive analysis, visit the AT&T Inc (T, Financial) Summary page.
