Seeking Alpha 财报前瞻：AT&T 与 Verizon 即将发布 Q3 财报，预期同比双增长但分析师修正偏谨慎

AT&T ( T ) and Verizon Communications ( VZ ) are set to report third-quarter earnings, with analysts expecting year-over-year growth in earnings and revenue at both telecom companies. AT&T is scheduled to report results before the market opens on Wednesday, October 21, with consensus estimates calling for earnings of $0.60 per share , up 11.1% year-over-year, and revenue of $31.65B, up 3.1%. Over the past two years, AT&T has beaten earnings estimates 88% of the time and revenue estimates 63% of the time. However, analyst sentiment has been mixed over the past three months, with seven upward and eight downward revisions to EPS estimates. Revenue estimates have seen three upward revisions and 12 downward revisions. Verizon is scheduled to report before the market opens on Monday, October 26. Analysts expect EPS of $1.27 , up 5% year-over-year, and revenue of $34.85B, representing 3.1% growth. Verizon has beaten EPS estimates in every quarter over the past two years, while beating revenue estimates 50% of the time. Over the past three months, analysts have made four upward and 11 downward revisions to EPS estimates, while revenue estimates have seen six upward and eight downward revisions. Both companies are expected to post year-over-year growth, but recent analyst revisions point to cautious expectations, particularly for revenue. Investors will look for updates on subscriber growth, wireless service revenue, broadband additions and management outlooks for the remainder of the year. On share performance, Verizon is up nearly 10% over the past year, while AT&T is down ~10% in the same time frame. Seeking Alpha's Quant model rates both stocks as Hold. Seeking Alpha analyst Justin Purohit remains bullish on Verizon ( VZ ) ahead of its third-quarter earnings report, maintaining a Buy rating despite a recent pullback in the stock. Purohit noted that Verizon shares have fallen approximately 7.5% over the past month but said improving subscriber trends, lower churn, stronger cash generation and an accelerating service revenue outlook support his positive outlook. He also considers the valuation attractive, with shares trading at approximately 10x forward earnings. Seeking Alpha analyst Steven Fiorillo is bullish on AT&T ( T ) ahead of its third-quarter earnings report, citing accelerating service revenue growth, improving profitability and strong free cash flow. " I view AT&T as a connectivity utility that is now compounding earnings at a double-digit pace, and I believe the market is still valuing it like the low-growth telecom it was a few years back," Fiorillo said. He believes another strong quarter could help the stock move toward the upper end of its 52-week range.