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American Tower (AMT) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, American Tower (AMT - Free Report) closed at $259.33, marking a -0.89% move from the previous day. This move lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.11%.
Coming into today, shares of the wireless communications infrastructure company had gained 0.26% in the past month. In that same time, the Finance sector lost 3.72%, while the S&P 500 lost 0.62%.
Wall Street will be looking for positivity from American Tower as it approaches its next earnings report date. The company is expected to report EPS of $2.45, up 1.24% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.65 billion, up 15.23% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.02 per share and revenue of $10.67 billion. These totals would mark changes of +3.83% and +14.08%, respectively, from last year.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.4% higher within the past month. American Tower is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, American Tower is currently trading at a Forward P/E ratio of 26.13. This valuation marks a premium compared to its industry's average Forward P/E of 12.92.
We can also see that AMT currently has a PEG ratio of 2.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.43 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 107, putting it in the top 43% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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American Tower (AMT) Dips More Than Broader Markets: What You Should Know
In the latest trading session, American Tower (AMT - Free Report) closed at $259.33, marking a -0.89% move from the previous day. This move lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.11%.
Coming into today, shares of the wireless communications infrastructure company had gained 0.26% in the past month. In that same time, the Finance sector lost 3.72%, while the S&P 500 lost 0.62%.
Wall Street will be looking for positivity from American Tower as it approaches its next earnings report date. The company is expected to report EPS of $2.45, up 1.24% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.65 billion, up 15.23% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.02 per share and revenue of $10.67 billion. These totals would mark changes of +3.83% and +14.08%, respectively, from last year.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.4% higher within the past month. American Tower is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, American Tower is currently trading at a Forward P/E ratio of 26.13. This valuation marks a premium compared to its industry's average Forward P/E of 12.92.
We can also see that AMT currently has a PEG ratio of 2.46. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.43 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 107, putting it in the top 43% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.