AsVerizon Communications Inc(NYSE:VZ) andAT&T Inc(NYSE:T) prepare to release their third quarter earnings, the stage is set for a head-to-head clash between the two telecom giants.

Verizon reports Tuesday with analysts expecting $1.18 EPS and $33.43 billion in revenue, while AT&T follows up on Wednesday with consensus estimates of 57 cents EPS and $30.44 billion in revenue.

Both companies have seen significant year-to-date stock recoveries, but who's leading the charge as they head into their respective earnings calls?

Verizon: Spectrum Play Meets Bullish Sentiment

Verizon's year-to-date gains of 12.67% may...