AT&T (NYSE:T) is expected to report Q2 earnings before the market open on Tuesday, July 24, with a conference call scheduled for 9:30 am ET.
Analysts are looking for EPS of 63c on revenue of $31.72B. The consensus range is 60c-64c for EPS, and $31.19B-$32.3B for revenue, according to First Call. The company reported mixed Q1 results, beating EPS but narrowly missing revenue estimates. On its Q1 conference call, the company noted that it was seeing impressive strength in all growth drivers. It forecast higher wireline revenue for FY12, saying it was on track to double LTE markets by year end. At the Nomura U.S. Media, Cable & Telecom Summit in May, CEO Randall Stephenson said that recent price increases in wireless should boost Q2 results. Sentiment on the Street has been mostly positive over the past three months and movement in the stock has reflected that. Since Q1 results were released in late April, the shares have traded sharply higher, making a fresh 52-week high of $36.21 earlier this month. They have rallied approximately 29% off their 52-week low of $27.29 made in late November of last year.