AT&T Sees 2024 Adj. EPS $2.15-$2.25 vs $2.46 Est., Free Cash Flow $17B-$18B
Portfolio Pulse from Benzinga Newsdesk
AT&T has provided guidance for 2024, projecting adjusted earnings per share (EPS) to be between $2.15 and $2.25, which is below the estimated $2.46. The company also expects free cash flow to be in the range of $17 billion to $18 billion.
January 24, 2024 | 11:37 am
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NEGATIVE IMPACT
AT&T's projected adjusted EPS for 2024 falls short of analyst estimates, potentially indicating lower future profitability and impacting investor sentiment negatively.
The lower than expected EPS guidance for 2024 suggests that AT&T may face challenges in growing its profitability, which could lead to a negative investor reaction and a potential decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100