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American Tower (AMT) Stock Moves -1.82%: What You Should Know
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American Tower (AMT - Free Report) closed at $261.90 in the latest trading session, marking a -1.82% move from the prior day. This change was narrower than the S&P 500's 2.77% loss on the day. Elsewhere, the Dow lost 2.82%, while the tech-heavy Nasdaq lost 0.83%.
Coming into today, shares of the wireless communications infrastructure company had gained 13.27% in the past month. In that same time, the Finance sector lost 2.69%, while the S&P 500 lost 1.35%.
Investors will be hoping for strength from American Tower as it approaches its next earnings release, which is expected to be April 27, 2022. In that report, analysts expect American Tower to post earnings of $2.54 per share. This would mark year-over-year growth of 3.25%. Our most recent consensus estimate is calling for quarterly revenue of $2.6 billion, up 20.24% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.14 per share and revenue of $10.6 billion. These totals would mark changes of +5.08% and +13.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for American Tower. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.23% higher. American Tower is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that American Tower has a Forward P/E ratio of 26.32 right now. For comparison, its industry has an average Forward P/E of 15.52, which means American Tower is trading at a premium to the group.
Also, we should mention that AMT has a PEG ratio of 2.07. 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. AMT's industry had an average PEG ratio of 2.91 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 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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American Tower (AMT) Stock Moves -1.82%: What You Should Know
American Tower (AMT - Free Report) closed at $261.90 in the latest trading session, marking a -1.82% move from the prior day. This change was narrower than the S&P 500's 2.77% loss on the day. Elsewhere, the Dow lost 2.82%, while the tech-heavy Nasdaq lost 0.83%.
Coming into today, shares of the wireless communications infrastructure company had gained 13.27% in the past month. In that same time, the Finance sector lost 2.69%, while the S&P 500 lost 1.35%.
Investors will be hoping for strength from American Tower as it approaches its next earnings release, which is expected to be April 27, 2022. In that report, analysts expect American Tower to post earnings of $2.54 per share. This would mark year-over-year growth of 3.25%. Our most recent consensus estimate is calling for quarterly revenue of $2.6 billion, up 20.24% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.14 per share and revenue of $10.6 billion. These totals would mark changes of +5.08% and +13.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for American Tower. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.23% higher. American Tower is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that American Tower has a Forward P/E ratio of 26.32 right now. For comparison, its industry has an average Forward P/E of 15.52, which means American Tower is trading at a premium to the group.
Also, we should mention that AMT has a PEG ratio of 2.07. 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. AMT's industry had an average PEG ratio of 2.91 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 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.