Can T sustain its Q4 2024 earnings growth?

**AT&T's ability to sustain its Q4 2024 earnings growth is uncertain**. Here's why: 1. **Mixed Results in Q1**: AT&T reported mixed first-quarter results, with adjusted earnings of $0.55 per share, missing the analysts' expectations of $0.53 per share. The company's revenues fell short of consensus estimates, declining 0.4% year-over-year. 2. **Analyst Expectations for Q2**: Ahead of the Q2 earnings release, analysts expect AT&T to report a profit of $0.58 per share, reflecting a 7.9% decline from the year-ago quarter. This suggests that the company may face continued pressure on earnings growth. 3. **Guidance for FY2025**: AT&T's guidance for FY2025 projects adjusted earnings in the range of $1.97 to $2.07 per share, which is well below analysts' estimates of $2.18 per share. This indicates that the company is anticipating lower earnings growth in the upcoming year. 4. **Challenges and Uncertainties**: AT&T faces significant challenges, including market saturation and heightened competition in the wireless sector, which are affecting business wireless subscriber growth. The company also confronts security breaches and the sale of its DIRECTV stake, which could impact financial performance. In conclusion, while AT&T has shown some positive trends in specific business areas, such as the growth in mobility services revenues and the expansion of 5G coverage, the overall outlook for sustaining earnings growth in Q4 2024 and beyond is uncertain due to various internal and external challenges.