AT&T Inc. (T) earnings on April 22, 2026
Prior outlook: Pessimistic Outcome: Partial
The stock fell as much as 3.6% during the day but recovered to end slightly higher by 0.35%. Many analysts had expected the stock to drop before the announcement.
T price around the earnings
25.98
Change: +0.3%
2026-04-22, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Analysts see upside, but trend is weak.
Despite a persistent downtrend, the stock's trajectory is showing signs of stabilization. Analysts project significant optimistic potential, which offers some support against the current technical weakness.
Context analyzed before publication
- Summary
- Analysts cite potential upside, but retail sentiment appears overly optimistic.
- Reasoning
- Experts observe that while the stock is currently in a downtrend, its trajectory is stabilizing. Strong analyst price targets cite potential upside, but extremely optimistic retail sentiment suggests caution.
- Playbook
- The current setup presents mixed contexts, with a clearer trend or more sensible retail sentiment potentially beneficial before initiating new positions.
- Trend
- First evaluation, no trend yet.
Analysts
Drivers
-
Analysts
Positive
Analysts maintain a strong buy rating, citing a projected price target of over 16%. The company has a history of exceeding earnings expectations, further supporting a positive outlook.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.92
- Analysts covering the stock
- 23
- Average price target
- 30.43
- Lowest price target
- 25
- Highest price target
- 36
- Upside to price target
- 16.2%
- Quarterly earnings growth
- -7.2%
- Revenue growth
- 3.6%
- Forward EPS
- 2.55
- Trailing EPS
- 3.04
- Analyst moves in the last 60 days
- 4
- Strong buy: 3
- Buy: 12
- Hold: 10
- Sell: 0
- Strong sell: 0
- Strong buy
- 3
- Buy
- 12
- Hold
- 10
- Sell
- 0
- Strong sell
- 0
- April 1, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
- March 25, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- March 23, 2026 · Citigroup: Maintains rating (Buy → Buy)
- March 9, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
News and sentiment
Drivers
-
News & sentiment
Negative
Online discussions show that retail investors are optimistic about the stock. This extreme optimism sharply contrasts with the stock's declining price, signaling that retail investors may be overly enthusiastic and disconnected from the stock's actual performance.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- How To Earn $500 A Month From AT&T Stock Ahead Of Q1 Earnings — Benzinga
- Stock Of The Day: Did AT&T Just Reverse? — Benzinga
- What's Going On With AT&T Stock Thursday? — Benzinga
- Top 3 Tech And Telecom Stocks That Could Blast Off This Month — Benzinga
- Why AT&T Shares Are Falling Wednesday — Benzinga
- Scotiabank Maintains Sector Perform on AT&T, Raises Price Target to $31.5 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock is experiencing a noticeable downtrend, having decreased in value over the last month and performing worse than the broader market. While it is currently market review near a support level, which offers some protection, this reflects ongoing negative price movement.
Evidence
- Average true range (ATR)
- 2.3%
- Distance to 52-week high
- -12.1%
- 14-day change (14d)
- -7.5%
- 30-day change
- -5.5%
- 30-day relative strength
- -9.8%
- Benchmark change
- +4.3%
- Nearest support
- 24.95
- Nearest resistance
- 29.43
- Volume accumulation ratio
- 0.81
Trends
Drivers
-
Macro & trends
Positive
Recent evaluations indicate that the negative price trend is becoming less severe. This suggests that the downward pressure on the stock's price is easing as it approaches an upcoming event.
Evidence
- Average earnings surprise
- +9.3%
- January 28, 2026: actual EPS 0.52 vs estimate 0.47 (surprise +11.6%)
- October 22, 2025: actual EPS 0.54 vs estimate 0.54 (surprise +0.5%)
- July 23, 2025: actual EPS 0.54 vs estimate 0.53 (surprise +1.9%)
- April 23, 2025: actual EPS 0.61 vs estimate 0.49 (surprise +23.4%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4.6%
- 75th percentile move
- 6.4%
- 90th percentile move
- 7.7%
- Up / down moves
- 13 / 6
- Average up move
- +3.9%
- Average down move
- -5.2%
Monitoring and close
What AT&T Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +0.3%
- Max favorable move (MFE)
- 3.6%
- Max adverse move (MAE)
- 0.6%