On Monday, shares of telecommunications giant AT&T advanced, rising by approximately 1.6%. This uptick occurred while the S&P 500 index and the Nasdaq Composite index experienced modest gains of 0.1% and 0.3%, respectively.
Beyond some optimism in the wider market, AT&T’s stock also received a boost due to the strong earnings report of its main competitor, Verizon. Today, Verizon released its second-quarter financial results even before the market opened, and these figures were perceived as a positive sign for the telecom industry as a whole by investors.
AT&T stock climbed thanks to Verizon’s Q2 results today
Today, it was observed that AT&T experienced a strong upward trend in investor sentiment, linked to Verizon’s Q2 financial performance. Despite being rivals, the impressive results from Verizon caught AT&T’s investors’ attention. Specifically, Verizon announced non-GAAP earnings per share (EPS) of $1.22 on revenues totaling $34.5 billion, surpassing analysts’ predictions for EPS of $1.19 on revenues of $33.79 billion. This means that Verizon’s sales increased by 5% compared to the same period last year and exceeded expectations; these results were seen as a promising sign by investors, suggesting potential positivity for AT&T as well.
What’s next for AT&T?
Tomorrow, before the market opens, AT&T is set to release its Q2 earnings report. Although the anticipation for these results might have risen due to Verizon’s impressive Q2 performance, there appears to be a high probability that AT&T will also show a robust performance during this timeframe.
Based on a survey by Zacks, most analysts expect AT&T to announce earnings per share (EPS) of around $0.51 and sales of about $30.53 billion. The estimated EPS represents a decrease of nearly 10.5%, but the revenue is projected to increase by approximately 2.5%. It’s important to note that these projections were made before Verizon released their Q2 report, so it’s possible that AT&T’s results could surpass market expectations as well.
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2025-07-22 02:53