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American Tower (AMT) Gains As Market Dips: What You Should Know
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In the latest trading session, American Tower (AMT - Free Report) closed at $250.53, marking a +0.86% move from the previous day. This change outpaced the S&P 500's 1.22% loss on the day. Meanwhile, the Dow lost 0.19%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Coming into today, shares of the wireless communications infrastructure company had lost 13.07% in the past month. In that same time, the Finance sector lost 1.69%, while the S&P 500 lost 6.58%.
American Tower will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.20, up 6.28% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.42 billion, up 13.84% from the prior-year quarter.
Any recent changes to analyst estimates for American Tower should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.22% lower. American Tower currently has a Zacks Rank of #4 (Sell).
In terms of valuation, American Tower is currently trading at a Forward P/E ratio of 24.11. This represents a premium compared to its industry's average Forward P/E of 14.56.
Meanwhile, AMT's PEG ratio is currently 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.55 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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American Tower (AMT) Gains As Market Dips: What You Should Know
In the latest trading session, American Tower (AMT - Free Report) closed at $250.53, marking a +0.86% move from the previous day. This change outpaced the S&P 500's 1.22% loss on the day. Meanwhile, the Dow lost 0.19%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Coming into today, shares of the wireless communications infrastructure company had lost 13.07% in the past month. In that same time, the Finance sector lost 1.69%, while the S&P 500 lost 6.58%.
American Tower will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.20, up 6.28% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.42 billion, up 13.84% from the prior-year quarter.
Any recent changes to analyst estimates for American Tower should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.22% lower. American Tower currently has a Zacks Rank of #4 (Sell).
In terms of valuation, American Tower is currently trading at a Forward P/E ratio of 24.11. This represents a premium compared to its industry's average Forward P/E of 14.56.
Meanwhile, AMT's PEG ratio is currently 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.55 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.