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American Tower (AMT) Tops Q4 Earnings, Lags Revenues
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American Tower Corp. (AMT - Free Report) is a real estate investment trust and a leading wireless tower operator. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate.
Notably, American Tower has been aggressively buying towers in emerging markets. We believe the company’s acquisition spree should help drive its top line, going forward. Moreover, American Tower is certain that strength in its tower portfolio will help it double its AFFO per share by 2017. Further, higher adoption of smartphones/tablets, increased deployment of 3G/4G networks, significant margin improvement and dividend hikes also bode well.
On the flip side, the ongoing consolidation trend among telecom and cable TV operators may generate significant financial uncertainty for the company. To add to that, intensifying competition, high customer concentration, mounting operating expenses and a highly leveraged balance sheet remain headwinds.
American Tower has generated a negative average earnings surprise of 6.54% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: American Tower reported fourth-quarter 2016 AFFO per share of $1.47 is higher than the Zacks Consensus Estimate of $1.42. Investors should note that these figures take out stock option expenses.
Revenue: Quarterly total revenue of $1,540 million lagged the Zacks Consensus Estimate of $1,550 million.
Key Stats to Note: In the property segment, the company’s core growth was 21.6% in the fourth quarter of 2016.
American Tower Corporation (REIT) Price and EPS Surprise
Check back later for our full write up on this American Tower earnings report later!
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American Tower (AMT) Tops Q4 Earnings, Lags Revenues
American Tower Corp. (AMT - Free Report) is a real estate investment trust and a leading wireless tower operator. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate.
Notably, American Tower has been aggressively buying towers in emerging markets. We believe the company’s acquisition spree should help drive its top line, going forward. Moreover, American Tower is certain that strength in its tower portfolio will help it double its AFFO per share by 2017. Further, higher adoption of smartphones/tablets, increased deployment of 3G/4G networks, significant margin improvement and dividend hikes also bode well.
On the flip side, the ongoing consolidation trend among telecom and cable TV operators may generate significant financial uncertainty for the company. To add to that, intensifying competition, high customer concentration, mounting operating expenses and a highly leveraged balance sheet remain headwinds.
American Tower currently carries a Zacks Rank #4 (Sell). The company competes with some major wireless tower operators like Crown Castle International Corp. (CCI - Free Report) , SBA Communications Corp. (SBAC - Free Report) and Equinix Inc. (EQIX - Free Report) . All the three stocks currently carry a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Tower has generated a negative average earnings surprise of 6.54% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: American Tower reported fourth-quarter 2016 AFFO per share of $1.47 is higher than the Zacks Consensus Estimate of $1.42. Investors should note that these figures take out stock option expenses.
Revenue: Quarterly total revenue of $1,540 million lagged the Zacks Consensus Estimate of $1,550 million.
Key Stats to Note: In the property segment, the company’s core growth was 21.6% in the fourth quarter of 2016.
American Tower Corporation (REIT) Price and EPS Surprise
American Tower Corporation (REIT) Price and EPS Surprise | American Tower Corporation (REIT) Quote
Check back later for our full write up on this American Tower earnings report later!
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>