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American Tower (AMT) Up 2.7% Since Earnings Report: Can It Continue?
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It has been about a month since the last earnings report for American Tower Corporation (REIT) (AMT - Free Report) . Shares have added about 2.7% in that time frame.
Will the recent positive trend continue leading up to its next earnings release, or is AMT due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates. There have been five revisions lower for the current quarter.
American Tower Corporation (REIT) Price and Consensus
At this time, AMT has a nice Growth Score of B, though it is lagging a bit on the momentum front with a C. The stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate that the stock is more suitable for growth investors than momentum investors.
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift. It's no surprise AMT has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
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American Tower (AMT) Up 2.7% Since Earnings Report: Can It Continue?
It has been about a month since the last earnings report for American Tower Corporation (REIT) (AMT - Free Report) . Shares have added about 2.7% in that time frame.
Will the recent positive trend continue leading up to its next earnings release, or is AMT due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates. There have been five revisions lower for the current quarter.
American Tower Corporation (REIT) Price and Consensus
American Tower Corporation (REIT) Price and Consensus | American Tower Corporation (REIT) Quote
VGM Scores
At this time, AMT has a nice Growth Score of B, though it is lagging a bit on the momentum front with a C. The stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Our style scores indicate that the stock is more suitable for growth investors than momentum investors.
Outlook
Estimates have been broadly trending downward for the stock and the magnitude of these revisions indicates a downward shift. It's no surprise AMT has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.