T Stock: Why 2023 Free Cash Flow Guidance Will Move Shares
What will move T stock up or down when AT&T earnings for the December quarter are released Wednesday? There’s general agreement on Wall Street it’ll be AT&T‘s (T) 2023 free cash flow outlook.
“FCF is the main issue,” SVB MoffettNathanson analyst Craig Moffett told Investor’s Business Daily via email. “And yes, consensus already expects a slight miss for 2022.”
AT&T’s free cash flow growth supports its dividend. T stock provides shareholders with a 5.8% dividend yield.