Will AT&T move higher on its earnings report?

AT&T Inc. is an American multinational conglomerate headquartered at Whitacre Tower in Downtown Dallas,Texas. AT&T is the world’s largest telecommunications company as well as being the world’s largest provider of mobile telephone services in the U.S. On Thursday the company will announce its earnings before the US open.

The company tends to outperform at the end of April and a strong earnings report on Thursday could see the company repeat its strong seasonal form between now and the end of the month. Between April 21 and May 01 AT&T has risen a total of 17 times over the last 25 years. The average rise in price has been 2.32% during this time. The largest fall was -6.74% in 2018. The largest gain was +16.28% in 2003.

So, will AT&T repeat its strong seasonal pattern this year? Or will the projected fall in revenue and earnings mean that the stock sells off again like it did after January’s earnings release? Or will investors take a more future orientated focus as AT&T looks to shift its focus onto 5G opeartions.

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