Blue-Chip Stocks With High-Risk Earnings Reports: AT&T (T)
Scheduled to Report: Tuesday, July 25 (PM)
Earnings Estimate: 74 cents per share
Revenue Estimate: $39.88 billion
Telecom giant AT&T Inc. (NYSE:T) has been working hard to diversify its earnings streams as the wireless business has seen shrinking margins and increased competition. The acquisition of DirecTV was a move in the right media direction, and Time Warner Inc. (NYSE:TWX) is soon to go through.
But more work must be done.
Rising interest rates are taking a large crowd of dividend-seeking investors out of AT&T stock, which puts more pressure on the performance of the company to maintain current values.
Our technical models see AT&T shares rated bearishly in the intermediate-term, which will either continue or worsen without a great earnings report in a couple weeks.