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American Tower (AMT) Outpaces Stock Market Gains: What You Should Know
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American Tower (AMT - Free Report) closed at $195.77 in the latest trading session, marking a +1.77% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.14%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 1.54%.
Heading into today, shares of the wireless communications infrastructure company had lost 12.35% over the past month, lagging the Finance sector's loss of 4.43% and the S&P 500's loss of 4.07% in that time.
Investors will be hoping for strength from American Tower as it approaches its next earnings release. The company is expected to report EPS of $2.45, down 3.92% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.74 billion, up 3.04% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10 per share and revenue of $11 billion. These totals would mark changes of +2.46% and +2.69%, 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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.53% higher. 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 19.24. This represents a premium compared to its industry's average Forward P/E of 11.78.
Meanwhile, AMT's PEG ratio is currently 1.88. 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 2.2 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 31% 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) Outpaces Stock Market Gains: What You Should Know
American Tower (AMT - Free Report) closed at $195.77 in the latest trading session, marking a +1.77% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.14%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 1.54%.
Heading into today, shares of the wireless communications infrastructure company had lost 12.35% over the past month, lagging the Finance sector's loss of 4.43% and the S&P 500's loss of 4.07% in that time.
Investors will be hoping for strength from American Tower as it approaches its next earnings release. The company is expected to report EPS of $2.45, down 3.92% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.74 billion, up 3.04% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10 per share and revenue of $11 billion. These totals would mark changes of +2.46% and +2.69%, 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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.53% higher. 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 19.24. This represents a premium compared to its industry's average Forward P/E of 11.78.
Meanwhile, AMT's PEG ratio is currently 1.88. 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 2.2 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 31% 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.