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Unlocking Q3 Potential of American Tower (AMT): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts expect American Tower (AMT - Free Report) to post quarterly earnings of $2.84 per share in its upcoming report, which indicates a year-over-year increase of 2.2%. Revenues are expected to be $2.77 billion, up 2.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific American Tower metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Total operating revenues- Data Centers' stands at $304.54 million. The estimate points to a change of +14.1% from the year-ago quarter.
Analysts predict that the 'Total operating revenues- Services' will reach $65.96 million. The estimate indicates a change of -34.8% from the prior-year quarter.
The consensus among analysts is that 'Total operating revenues- Total Property' will reach $2.70 billion. The estimate indicates a year-over-year change of +3.2%.
Analysts' assessment points toward 'Geographic Revenues- Total International' reaching $1.12 billion. The estimate points to a change of +8.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- U.S. & Canada' of $1.28 billion. The estimate suggests a change of -3.2% year over year.
The average prediction of analysts places 'Geographic Revenues- Africa & APAC' at $418.61 million. The estimate indicates a year-over-year change of +12.8%.
Analysts expect 'Geographic Revenues- Latin America' to come in at $443.17 million. The estimate indicates a year-over-year change of +6.3%.
The combined assessment of analysts suggests that 'U.S. & Canada - Ending Balance' will likely reach 41,771 . Compared to the present estimate, the company reported 41,821 in the same quarter last year.
Analysts forecast 'Total - Ending Balance' to reach 148,696 . The estimate is in contrast to the year-ago figure of 148,371 .
According to the collective judgment of analysts, 'Organic Tenant Billings Growth - Total International' should come in at 1.9%. The estimate compares to the year-ago value of 6.9%.
It is projected by analysts that the 'Organic Tenant Billings Growth - U.S. & Canada' will reach 0.4%. Compared to the present estimate, the company reported 3.9% in the same quarter last year.
Based on the collective assessment of analysts, 'International - Ending Balance' should arrive at 107,068 . The estimate compares to the year-ago value of 106,550 .
Over the past month, American Tower shares have recorded returns of +4% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #2 (Buy), AMT will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q3 Potential of American Tower (AMT): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect American Tower (AMT - Free Report) to post quarterly earnings of $2.84 per share in its upcoming report, which indicates a year-over-year increase of 2.2%. Revenues are expected to be $2.77 billion, up 2.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific American Tower metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Total operating revenues- Data Centers' stands at $304.54 million. The estimate points to a change of +14.1% from the year-ago quarter.
Analysts predict that the 'Total operating revenues- Services' will reach $65.96 million. The estimate indicates a change of -34.8% from the prior-year quarter.
The consensus among analysts is that 'Total operating revenues- Total Property' will reach $2.70 billion. The estimate indicates a year-over-year change of +3.2%.
Analysts' assessment points toward 'Geographic Revenues- Total International' reaching $1.12 billion. The estimate points to a change of +8.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- U.S. & Canada' of $1.28 billion. The estimate suggests a change of -3.2% year over year.
The average prediction of analysts places 'Geographic Revenues- Africa & APAC' at $418.61 million. The estimate indicates a year-over-year change of +12.8%.
Analysts expect 'Geographic Revenues- Latin America' to come in at $443.17 million. The estimate indicates a year-over-year change of +6.3%.
The combined assessment of analysts suggests that 'U.S. & Canada - Ending Balance' will likely reach 41,771 . Compared to the present estimate, the company reported 41,821 in the same quarter last year.
Analysts forecast 'Total - Ending Balance' to reach 148,696 . The estimate is in contrast to the year-ago figure of 148,371 .
According to the collective judgment of analysts, 'Organic Tenant Billings Growth - Total International' should come in at 1.9%. The estimate compares to the year-ago value of 6.9%.
It is projected by analysts that the 'Organic Tenant Billings Growth - U.S. & Canada' will reach 0.4%. Compared to the present estimate, the company reported 3.9% in the same quarter last year.
Based on the collective assessment of analysts, 'International - Ending Balance' should arrive at 107,068 . The estimate compares to the year-ago value of 106,550 .
View all Key Company Metrics for American Tower here>>>Over the past month, American Tower shares have recorded returns of +4% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #2 (Buy), AMT will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .