AT&T Expected to Rise on Strong Phone Net Additions and Robust Guidance: Analyst
AT&T Expected to Rise on Strong Phone Net Additions and Robust Guidance: Analyst
Goldman Sachs analyst James Schneider reiterated a Buy rating on AT&T Inc (NYSE:T) with a price target of $22.
高盛分析师詹姆斯·施耐德重申了对AT&T公司（纽交所：T）的买入评级，目标价为22美元。
AT&T reported fiscal 2024 second-quarter revenue of $29.8 billion — just below Goldman Sachs's and the Stret's estimate of $30 billion.
AT&T报告2024财年第二季度营业收入为298亿美元，略低于高盛和Stret估计的300亿美元。
- Adjusted EBITDA of $11.34 billion was in line with Goldman Sachs's estimate of $11.37 billion and the Street's estimate of $11.31 billion.
- Free cash flow of $4.6 billion was above Goldman Sachs's estimate at $4.3 billion and the Street at $4.3 billion on lower capital investment.
- Wireless service revenue of $16.3 billion was in line with Goldman Sachs's estimate at $16.2 billion, and the Street at $16.2 billion.
- Postpaid phone net adds came in at over 419,000, which was well ahead of Goldman Sachs at more than 275,000 and the Street at more than 266,000.
- Wireless EBITDA of $9.20 billion was in line with Goldman Sachs's estimate at $9.29 billion and the Street at $9.18 billion.
- Fiber net additions of 239,000-plus were below Goldman Sachs's at +260k and the Street's at more than 255,000.
- Wireless service revenue growth stands at +3% versus Goldman Sachs's estimate of +3.2% and the Street at +3.1%.
- Adjusted EPS remains at $2.15-$2.25 versus Goldman Sachs's estimate at $2.24 and the Street at $2.20.
- 调整后的EBITDA为113.4亿美元，与高盛的113.7亿美元和街道的113.1亿美元相当。
- 自由现金流为46亿美元，高于高盛43亿美元和街头43亿美元的预估，受到较低资本投资的影响。
- 无线服务收入为163亿美元，与高盛162亿美元和街头的162亿美元相符。
- 月租电话净增加超过419，000，远高于施耐德更多的275，000和街头266，000。
- 无线EBITDA为92亿美元，与高盛的92.9亿美元和街头的91.8亿美元相同。
- 光纤净增加数量超过239,000，低于高盛的26万和街头的255,000。
- 无线服务收入增长率为+3％，高于高盛预测的+3.2％和街头的+3.1％。
- 调整后的EPS仍为$2.15- $2.25，高于高盛的2.24美元和街头的2.20美元的预估。
Schneider expects the stock to trade modestly higher following results given more robust phone net additions, in light of lowered expectations following a Verizon Communications Inc (NYSE:VZ) report.
鉴于更强大的手机净增长，施耐德预计，在Verizon Communications Inc.（纽交所：VZ）报告后，股票将会适度上涨。
Price Action: AT&T stock gained 27% in the last 12 months. Investors can gain exposure to the stock through Vanguard High Dividend Yield ETF (NYSE:VYM) and Vanguard Value ETF (NYSE:VTV). T shares traded higher by 4.26% at $18.98 at the last check on Wednesday.
价格行动：AT&T股票在过去12个月中上涨了27％。投资者可以通过高股利收益etf-vanguard（纽交所：VYM）和价值股etf-vanguard（纽交所：VTV）获得该股票的暴露。周三最后一次检查，股票价格上涨了4.26％至18.98美元。
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