AT&T to report third-quarter results on Wednesday

AT&T is scheduled to report its third-quarter results on Wednesday, October 21, before the market opens. The date and session were confirmed by the company.

The consensus estimate projects earnings per share of $0.61 on revenue of $32.33 billion for the quarter. In research compiled by Zacks Investment Research, the consensus stands at $0.61 per share in earnings and $31.68 billion in revenue. Hudson Labs compiles a consensus estimate of $12.3 billion for earnings before interest, taxes, depreciation, and amortization. Over the last four quarters, AT&T beat earnings estimates in three periods, with surprises ranging from 1.6% to 10.2%, and missed once by 1.0%.

AT&T declared a quarterly dividend of $0.2775 per common share for the third quarter, according to Stock Titan. On October 2, a court granted final approval for a $177 million settlement concerning a data breach, Bright Defense reported.

On September 29, BNP Paribas upgraded AT&T to Outperform and raised its price target from $26 to $30, pointing to rational competition and higher wireless revenue potential. That same day, AT&T signed a multi-year fiber and cable supply agreement worth more than $3 billion with Corning.

On October 3, a bug affecting iPhone 18 Pro Max users required device replacements after customers lost cellular service. On October 6, AT&T agreed to create a wholesale fiber commercial open access joint venture with Global Infrastructure Partners and CPP Investments, targeting more than 60 million fiber locations by 2030. In Mexico, a court ordered regulators on October 7 to permit AT&T to use 50 MHz of 3.5 GHz spectrum for nationwide mobile services. On October 9, AT&T shares fell 6.8% in pre-market trading after SpaceX agreed to acquire an 800 MHz spectrum portfolio from Grain Management for about $8 billion.