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AT&T (NYSE:T) is expected to report Q1 earnings before the market open on Tuesday, April 24, with a conference call scheduled for 10:00 am ET.

Guidance

Analysts are looking for EPS of 57c on revenue of $31.85B. The consensus range is 54c-61c for EPS, and $31.37B-$32.14B for revenue, according to First Call. The company reported mixed Q4 results, narrowly missing adjusted EPS but beating revenue estimates. On its Q4 earnings report, the company forecast mid-single digit or better EPS growth for FY12. It also expected continued consolidated revenue growth, including postpaid wireless ARPU growth of around 2% for the year. At the Deutsche Bank 2012 Media and Telecom Conference in February, management backed its expectation at least a 40% improvement in margins in FY12 along with flat smartphone growth. Sentiment on the Street has been mixed over the past three months. Since Q4 results were released in late January, the shares have traded modestly higher, making a fresh 52-week high of $31.97 in March.

Source: Earnings Preview: AT&T