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American Tower (AMT) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, American Tower (AMT - Free Report) closed at $233.39, marking a -0.38% move from the previous day. This move lagged the S&P 500's daily gain of 1.58%. Meanwhile, the Dow gained 1.22%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the wireless communications infrastructure company had lost 6.52% in the past month. In that same time, the Finance sector lost 3.63%, while the S&P 500 lost 5.54%.
American Tower will be looking to display strength as it nears its next earnings release, which is expected to be February 24, 2022. In that report, analysts expect American Tower to post earnings of $2.19 per share. This would mark year-over-year growth of 5.8%. Our most recent consensus estimate is calling for quarterly revenue of $2.42 billion, up 13.79% from the year-ago period.
It is also important to note the recent changes to analyst estimates for American Tower. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. American Tower currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that American Tower has a Forward P/E ratio of 22.7 right now. This represents a premium compared to its industry's average Forward P/E of 14.69.
We can also see that AMT currently has a PEG ratio of 1.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.85 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMT in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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American Tower (AMT) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, American Tower (AMT - Free Report) closed at $233.39, marking a -0.38% move from the previous day. This move lagged the S&P 500's daily gain of 1.58%. Meanwhile, the Dow gained 1.22%, and the Nasdaq, a tech-heavy index, added 0.46%.
Coming into today, shares of the wireless communications infrastructure company had lost 6.52% in the past month. In that same time, the Finance sector lost 3.63%, while the S&P 500 lost 5.54%.
American Tower will be looking to display strength as it nears its next earnings release, which is expected to be February 24, 2022. In that report, analysts expect American Tower to post earnings of $2.19 per share. This would mark year-over-year growth of 5.8%. Our most recent consensus estimate is calling for quarterly revenue of $2.42 billion, up 13.79% from the year-ago period.
It is also important to note the recent changes to analyst estimates for American Tower. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. American Tower currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that American Tower has a Forward P/E ratio of 22.7 right now. This represents a premium compared to its industry's average Forward P/E of 14.69.
We can also see that AMT currently has a PEG ratio of 1.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.85 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMT in the coming trading sessions, be sure to utilize Zacks.com.