Telecom Stocks Set To Soar: Goldman Sachs Previews Verizon, AT&T, T-Mobile's Upcoming Earnings
Portfolio Pulse from Surbhi Jain
Goldman Sachs anticipates strong earnings for Verizon, AT&T, and T-Mobile, driven by positive market growth, competitive dynamics, and pricing actions. Verizon is expected to lead with solid wireless execution and FWA momentum. AT&T will see positive wireless results but face challenges in broadband. T-Mobile is set to raise its 2024 guidance, with a focus on its upcoming Capital Markets Day.
July 02, 2024 | 6:52 pm
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POSITIVE IMPACT
AT&T is expected to report positive wireless results with margin upside, though the broadband market remains sluggish. Mobility EBITDA is projected to grow by 6.6% year-over-year.
AT&T is expected to show positive wireless results and margin upside, despite challenges in the broadband market. Mobility EBITDA growth supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
T-Mobile is set to raise its 2024 guidance with favorable pricing actions and rational competition. The upcoming Capital Markets Day will be crucial, focusing on fiber broadband ambitions.
T-Mobile is expected to raise its 2024 guidance, driven by favorable pricing actions and rational competition. The upcoming Capital Markets Day will be a key event, particularly regarding fiber broadband ambitions.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Verizon is expected to deliver strong results driven by improving wireless execution and FWA momentum. Positive pricing actions and limited consumer broadband exposure are key factors.
Verizon is highlighted as the top pick by Goldman Sachs due to its strong wireless execution and FWA momentum. Positive pricing actions and limited broadband exposure further support a bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100