From Nasdaq: 2024-04-25 09:05:00

AT&T released its Q1 2024 earnings, with consolidated revenues reaching $30.0 billion, slightly down but surpassing analyst expectations. Adjusted EPS was $0.55, reflecting operational profitability. The company saw strong cash flow generation, repaid $4.7 billion in debt, and aims for a net debt-to-EBITDA ratio of 2.5x by 2025.

Segments like Mobility saw revenue growth, Consumer Wireline had consistent broadband net additions, and Latin America experienced strong performance. Strategic investments in 5G and fiber networks, as well as consumer broadband offerings, are driving growth. Challenges include Mobility equipment revenue decline and Business Wireline headwinds.

When compared to competitors like Verizon and T-Mobile, AT&T remains competitive with strategic initiatives and network upgrades. The company’s dividend yield of 6.6% attracts income-focused investors. Analysts have a moderate buy consensus on AT&T stock, with price targets suggesting upside potential from the current market price.

Looking ahead, potential risks from economic fluctuations and competition exist, but AT&T’s guidance for 2024 points to growth in wireless service revenue, broadband revenue, and adjusted EBITDA. The company’s focus on innovation, fiscal responsibility, and shareholder value positions it well in the telecommunications sector.



Read more at Nasdaq:: AT&T’s First Quarter Growth Fueled by 5G and Fiber Investments