FY2026 Earnings Forecast for AT&T Issued By Erste Group Bank

Key Points

• Erste Group Bank raised its FY2026 EPS forecast for AT&T to $2.35 from $2.34, though the estimate remains below the $2.39 analyst consensus.
• AT&T exceeded quarterly expectations, reporting adjusted EPS of $0.65 versus $0.60 expected and revenue of $32.32 billion versus $31.69 billion; revenue increased 5.2% year over year.
• The stock has a “Moderate Buy” consensus rating with an average price target of $28.55, while AT&T’s quarterly dividend of $0.2775 implies an annualized yield of about 4.9%.

AT&T Inc. (NYSE:T - Free Report) - Equities research analysts at Erste Group Bank lifted their FY2026 earnings estimates for shares of AT&T in a research report issued to clients and investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates that the technology company will post earnings per share of $2.35 for the year, up from their prior forecast of $2.34. The consensus estimate for AT&T's current full-year earnings is $2.39 per share.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, October 21st. The technology company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The firm had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.69 billion. AT&T had a net margin of 10.19% and a return on equity of 13.41%. AT&T's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share.

Several other analysts have also recently issued reports on the company. Sanford C. Bernstein cut AT&T from an "outperform" rating to a "market perform" rating and set a $24.00 price objective on the stock. in a report on Tuesday, October 13th. Barclays lowered their price objective on shares of AT&T from $24.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday. Scotiabank dropped their price objective on shares of AT&T from $27.50 to $26.50 and set a "sector perform" rating for the company in a research note on Friday, October 9th. Weiss Ratings upgraded shares of AT&T from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $27.00 target price on shares of AT&T in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.55.

AT&T Trading Up 3.7%

Shares of AT&T stock opened at $22.73 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The firm has a market cap of $155.72 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 1.04 and a beta of 0.25. AT&T has a twelve month low of $19.89 and a twelve month high of $29.43. The business has a 50-day moving average price of $24.86 and a 200-day moving average price of $24.25.

Institutional Investors Weigh In On AT&T

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of AT&T in the first quarter valued at about $29,000. Robinswood Financial LLC bought a new stake in AT&T during the first quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in AT&T in the second quarter valued at about $26,000. Addison Advisors LLC bought a new position in AT&T in the second quarter worth about $27,000. Finally, North Point Portfolio Managers Corp OH bought a new stake in shares of AT&T in the 3rd quarter valued at about $34,000. 57.10% of the stock is owned by institutional investors.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 12th will be issued a $0.2775 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.9%. AT&T's payout ratio is presently 36.75%.

Key Stories Impacting AT&T

Here are the key news stories impacting AT&T this week:

• Positive Sentiment: AT&T exceeded third-quarter expectations, reporting adjusted earnings of $0.65 per share and revenue of $32.32 billion. Management also raised its 2026 adjusted EPS outlook to approximately $2.40. AT&T Q3 earnings report
• Positive Sentiment: Fiber and wireless demand remained strong, with AT&T adding a record 769,000 internet customers and more than 1 million advanced-connectivity subscribers for a second consecutive quarter. The company expects continued double-digit adjusted earnings growth through 2028. AT&T raises 2026 earnings outlook
• Positive Sentiment: Analysts at Argus, JPMorgan and KeyCorp continue to see meaningful upside, with buy or overweight ratings and price targets ranging from $30 to $33, while AT&T plans substantial share repurchases. Argus rating
• Neutral Sentiment: AT&T plans to reduce annual capital spending by roughly $1 billion in 2027–2028 while retaining its 2030 fiber target. The move should support cash flow, but promotional pricing is pressuring fiber revenue quality and margins. AT&T fiber spending strategy
• Negative Sentiment: Investors focused on AT&T’s balance sheet: total debt reached $159.6 billion, net debt was $149.8 billion, and management now expects to return to its 2.5-times net-debt-to-EBITDA target only in 2029. A $2.6 billion Mexico-related impairment also weighed on reported results. AT&T debt and impairment analysis
• Negative Sentiment: Potential competition from SpaceX’s Starlink Mobile service is raising concerns about wireless subscriber growth, customer incentives and future spending. AT&T’s postpaid phone additions were viewed as less impressive despite remaining positive. AT&T and SpaceX competition

About AT&T

AT&T Inc NYSE: T is a telecommunications company that provides wireless communications, broadband, and related connectivity services. Its offerings include mobile voice and data plans, internet access, fiber broadband, fixed wireless services, and business communications solutions.

The company serves consumers, businesses, government agencies, and other organizations primarily in the United States. AT&T’s business operations include wireless network services, wireline connectivity, fiber-optic internet, voice services, and networking solutions designed to connect locations, devices, and applications.

AT&T traces its history to the Bell System and has operated under its current corporate name since 2005, following the acquisition of AT&T Corp.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.