In the latest trading session, American Tower (AMT - Free Report) closed at $212.46, marking a -0.11% move from the previous day. This change lagged the S&P 500's daily gain of 1.05%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, added 1.66%.
Coming into today, shares of the wireless communications infrastructure company had gained 10.48% in the past month. In that same time, the Finance sector lost 2.6%, while the S&P 500 lost 2.76%.
AMT will be looking to display strength as it nears its next earnings release. In that report, analysts expect AMT to post earnings of $1.93 per share. This would mark year-over-year growth of 1.58%. Our most recent consensus estimate is calling for quarterly revenue of $1.84 billion, up 3.22% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.78 per share and revenue of $7.36 billion, which would represent changes of -2.63% and -1.06%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AMT. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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 0.2% higher within the past month. AMT is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note AMT's current valuation metrics, including its Forward P/E ratio of 27.34. Its industry sports an average Forward P/E of 15.35, so we one might conclude that AMT is trading at a premium comparatively.
Meanwhile, AMT's PEG ratio is currently 1.68. 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. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.99 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.