AT&T Earnings: What To Expect

On Tuesday, after the closing bell, AT&T (NYSE:T) will report 1Q17 earnings. Street expectations for the quarter are set at $40.6 billion for revenues, flat YOY, and $0.74 for adjusted EPS that would represent a modest 3% improvement from 2016 levels.

Considering AT&T's stated goals of growing revenues in the single digits and EPS in the mid-single digit range in 2017, I find these estimates a bit de-risked. But keeping in mind the competitive challenges in the telecom sector and management's failure to deliver either a top- or bottom-line beat over the past three quarters, I would rather not try to make short-term calls ahead of the print.

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