AT&T Inc. (NYSE: T) is scheduled to report its first-quarter financial results after the markets close on Tuesday. Thomson Reuters has consensus estimates of $0.69 in EPS on revenue of $40.47 billion The same period from the last year had EPS of $0.63 on $32.58 billion in revenue.

This company had an outstanding first quarter, from a stock price standpoint, and could be poised to go higher. AT&T is the world’s largest provider of pay TV, with TV customers in the United States and 11 Latin American countries. In the United States, the AT&T wireless network has the nation’s self-described strongest 4G LTE signal and most reliable 4G LTE. The company also helps businesses worldwide serve their customers better with mobility and highly secure cloud solutions.

With shares trading at a cheap 13.4 times estimated 2016 earnings, the company continues to expand its user base, and strong product introductions from smartphone vendors have not only driven traffic, but increased device financing plans.

AT&T has been focusing on the IP VPN and Ethernet services. This outstanding business model, along with the decline of Verizon’s market share in the arena, has helped the company to meaningfully grow its revenues from strategic business services. Apart from taking appropriate technical measures, the company has collaborated with big cloud service providers like Amazon Web Service and data center operators to provide Ethernet connections.

Merrill Lynch analysts, while lowering first-quarter postpaid net additions estimate substantially, raised their quarterly earnings-per-shares estimates from $0.68 to $0.71, citing the company’s lower handset expenses.

So far in 2016, AT&T has outperformed the broad markets, with the stock up 14%. Over the past 52 weeks, the stock is up nearly 19%.

Shares of AT&T were trading at $38.10 on Tuesday, with a consensus analyst price target of $39.36 and a 52-week trading range of $30.97 to $39.72.

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