For the quarter ended March 2024, American Tower (AMT) reported revenue of $2.83 billion, up 2.4% over the same period last year. EPS came in at $2.79, compared to $0.72 in the year-ago quarter.The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $2.8 billion. With the consensus EPS estimate being $2.55, the EPS surprise was +9.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.79 per share, beating the Zacks Consensus Estimate of $2.55 per share. This compares to FFO of $2.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 9.41%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.18 per share when it actually produced FFO of $2.29, delivering a surprise of 5.05%.Over th ...

First Quarter 2024 Earnings Conference Call April 30, 2024 Agenda Introduction Adam Smith Senior Vice President, Investor Relations & FP&A Opening Remarks Steven Vondran President and Chief Executive Officer Financial Results Rod Smith Executive Vice President, Chief Financial Officer and Treasurer QA ...

Exhibit 99.1 Contact: Adam Smith Senior Vice President, Investor Relations and FP&A Telephone: (617) 375-7500 AMERICAN TOWER CORPORATION REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS CONSOLIDATED HIGHLIGHTS First Quarter 2024 ● Total revenue increased 2.4% to $2,834 million ● Property revenue increased 3.3% to $2,804 million ● Net income increased 192.6% to $922 million ● Adjusted EBITDA increased 5.2% to $1,854 million ● Net income attributable to AMT common stockholders increased 173.2% to $917 million ● A ...

American Tower Corporation (AMT) is scheduled to release first-quarter 2024 results on Apr 30, before the opening bell. The quarterly results are expected to reflect year-over-year growth in revenues and funds from operations (FFO) per share.In the last quarter, American Tower reported an adjusted FFO per share of $2.29, beating the consensus mark by 5.05%. The quarterly results reflected better-than-anticipated revenues, aided by revenue growth across its Property segment.Over the preceding four quarters, ...

chrupka AMT stock is oversold The thesis of this article is very straightforward. I will argue that American Tower (NYSE:AMT) stock is oversold under current conditions, both from a technical perspective and a fundamental perspective. The overselling has consequently created a very asymmetric return/risk profile. I will start with the technical perspective with the help of the next chart. The top panel of the chart below describes the price-volume trading information of AMT, and the bottom panel shows its R ...

JuSun Buying above average stocks at below average valuations can be a winning strategy. In fact, that's a key reason for how Joel Greenblatt's "magic formula" of investing has been successful. Greenblatt is an American hedge fund manager who championed the strategy of buying stocks with below average PE and high returns on invested capital. When these two forces work in tandem, and combined with a decent starting dividend yield, the investor can see potentially strong returns over the long run. This br ...

Wall Street analysts expect American Tower (AMT) to post quarterly earnings of $2.55 per share in its upcoming report, which indicates a year-over-year increase of 0.4%. Revenues are expected to be $2.8 billion, up 1.3% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a com ...

The most recent trading session ended with American Tower (AMT) standing at $174.18, reflecting a +1.09% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.2%. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 1.59%.Prior to today's trading, shares of the wireless communications infrastructure company had lost 11.89% over the past month. This has lagged the Finance sector's loss of 5.68% and the S&P 500's loss ...

While earlier discussions focused on the Federal Reserve’s potential interest rate cuts, that’s no longer a surefire proposition, thus warranting consideration for stocks for Fed hikes. Let’s break this matter down.Prior to this year, the central bank increasingly saw encouraging inflation data; that is, prices were softening, relatively speaking. However, high interest rates means high borrowing costs. So, policymakers sought to be more dovish. Nevertheless, a consistently robust labor market translated to ...