Have you been eager to see how American Tower Corporation (AMT - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Boston, MA-based infrastructure real estate investment trust’s (REIT) earnings release this morning:
A FFO Miss
American Tower reported first-quarter 2018 adjusted funds from operations (AFFO) per share of $1.73. This figure missed the Zacks Consensus Estimate of $1.76.
How Was the Earnings Surprise Trend?
American Tower has a mixed surprise history. Before posting a miss in Q1, the company delivered positive surprises in three of the trailing four quarters. In the other occasion, the company had missed the estimate.
This is depicted in the graph below:
American Tower Corporation (REIT) Price and EPS Surprise
Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.97% in the trailing four quarters.
Revenues Came In Higher Than Expected
American Tower posted quarterly total revenues of $1,741.8 million which witnessed an increase of 7.8% year over year and exceeded the Zacks Consensus Estimate of $1,737.1 million.
Key Developments to Note
American Tower’s property revenue growth was 7.3% in the first quarter of 2018.
The company exited the quarter with higher cash and cash equivalents.
What Zacks Rank Says
American Tower has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this AMT earnings report!
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Have you been eager to see how American Tower Corporation (AMT - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Boston, MA-based infrastructure real estate investment trust’s (REIT) earnings release this morning:
A FFO Miss
American Tower reported first-quarter 2018 adjusted funds from operations (AFFO) per share of $1.73. This figure missed the Zacks Consensus Estimate of $1.76.
How Was the Earnings Surprise Trend?
American Tower has a mixed surprise history. Before posting a miss in Q1, the company delivered positive surprises in three of the trailing four quarters. In the other occasion, the company had missed the estimate.
This is depicted in the graph below:
American Tower Corporation (REIT) Price and EPS Surprise
Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.97% in the trailing four quarters.
Revenues Came In Higher Than Expected
American Tower posted quarterly total revenues of $1,741.8 million which witnessed an increase of 7.8% year over year and exceeded the Zacks Consensus Estimate of $1,737.1 million.
Key Developments to Note
American Tower’s property revenue growth was 7.3% in the first quarter of 2018.
The company exited the quarter with higher cash and cash equivalents.
What Zacks Rank Says
American Tower has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this AMT earnings report!
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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