03:05 PM EDT, 03/19/2025 (MT Newswires) -- AT&T ( T ) is likely to report Q1 revenue slightly below estimates, with EBITDA clocking in ahead of forecasts, RBC Capital Markets said in a note emailed Wednesday.

The firm expects Q1 revenue of $30.2 billion and EBITDA of $11.4 billion. The estimates compare to consensus forecasts of $30.4 billion and $11.3 billion, respectively.

Segment-wise, the firm expects 3% revenue growth in the wireless service business, below the consensus of 3.5%. The lower estimate reflects higher churn in January due to roll-off of three-year contracts.

"While this was originally anticipated in December, the impact was more pronounced in January instead," RBC said.

Meanwhile, in the broadband business, the firm expects 7.1% revenue growth year over year. "Our observations suggest that during Q1 the company remained focused on cross-selling initiatives and aggressive marketing in footprints with newly deployed fiber," RBC wrote.

The firm raised its price target to $28 from $27, with an outperform rating.

Price: 26.83, Change: +0.22, Percent Change: +0.83