AT&T (T) Tops Q1 EPS by 8c

AT&T (NYSE: T) reported Q1 EPS of $0.86, $0.08 better than the analyst estimate of $0.78. Revenue for the quarter came in at $43.94 billion versus the consensus estimate of $42.69 billion.

2021 Outlook:

The company’s 2021 guidance expects:

• Consolidated revenue growth in the 1% range on a comparative basis
• Adjusted EPS12 to be stable with 2020
• Gross capital investment1 is now in the $22 billion range with capital expenditures in the $17 billion range
• Free cash flow9 is in the $26 billion range, with a full-year total dividend payout ratio3 in the high 50’s% range

For earnings history and earnings-related data on AT&T (T) click here.

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