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American Tower (AMT) Gains As Market Dips: What You Should Know
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American Tower (AMT - Free Report) closed the most recent trading day at $202.32, moving +1.25% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.7%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq added 2.77%.
Prior to today's trading, shares of the wireless communications infrastructure company had lost 7.12% over the past month. This has was narrower than the Finance sector's loss of 9.19% and lagged the S&P 500's loss of 5.06% 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 $2.42, down 5.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.74 billion, up 3.07% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.79 per share and revenue of $11.03 billion, which would represent changes of +0.31% and +2.93%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Tower. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.21% lower. 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 20.42 right now. This represents a premium compared to its industry's average Forward P/E of 11.01.
It is also worth noting that AMT currently has a PEG ratio of 1.99. 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. AMT's industry had an average PEG ratio of 2.44 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 161, putting it in the bottom 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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American Tower (AMT) Gains As Market Dips: What You Should Know
American Tower (AMT - Free Report) closed the most recent trading day at $202.32, moving +1.25% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.7%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq added 2.77%.
Prior to today's trading, shares of the wireless communications infrastructure company had lost 7.12% over the past month. This has was narrower than the Finance sector's loss of 9.19% and lagged the S&P 500's loss of 5.06% 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 $2.42, down 5.1% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.74 billion, up 3.07% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $9.79 per share and revenue of $11.03 billion, which would represent changes of +0.31% and +2.93%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Tower. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.21% lower. 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 20.42 right now. This represents a premium compared to its industry's average Forward P/E of 11.01.
It is also worth noting that AMT currently has a PEG ratio of 1.99. 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. AMT's industry had an average PEG ratio of 2.44 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 161, putting it in the bottom 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.