Having topped analysts' estimates last quarter by 3 cents per share, AT&T (T) is expected to deliver its latest earnings on Tuesday, July 24, 2012.

Expectations

Analysts currently expect AT&T to come in with earnings of 63 cents per share on revenues of $31.73 billion. Estimates range from 60 cents per share to 64 cents per share. Over the past three months, the average estimate has moved up from 62 cents.

Stock Movement

Recently, the stock price has been rising Since July 12, 2012 business days the stock has risen $1.32 per share. Looking at change over the last three months, from April 23, 2012 and July 18, 2012, the stock price is up $5.58 (18.2%), from $30.61 to $36.19.

Company Fundamental Trends

On the heels of two-straight revenue increases, the company will look to maintain momentum with this earnings announcement. Even before climbing in the first quarter, revenue had increased 3.6% in the fourth quarter of the last fiscal year. Stock Ratings

Analysts think investors should stand pat on AT&T with 18 of 30 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 5.2% to $3.58 billion (60 cents a share) from $3.41 billion (57 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.8% to $31.82 billion from $31.25 billion.

Summary

Reporting Period: 2Q

Date of Release: Tuesday, July 24, 2012 before market open

EPS: 63 cents

Revenue Estimate: $31.73 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)