Countdown to American Tower (AMT) Q2 Earnings: Wall Street Forecasts for Key Metrics

Core Viewpoint - Analysts forecast a decline in American Tower's quarterly earnings and revenues, with EPS expected at $2.60, down 6.8% year-over-year, and revenues projected at $2.59 billion, down 10.9% from the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 0.5% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Estimates - Analysts predict 'Total operating revenues - Data Centers' at $257.71 million, reflecting an 11.6% increase year-over-year [5]. - 'Total operating revenues - Services' is expected to reach $74.89 million, indicating a substantial increase of 59.3% from the prior year [5]. - 'Total operating revenues - Total Property' is projected at $2.50 billion, showing a decrease of 12.4% compared to the previous year [5]. Geographic Revenue Estimates - 'Geographic Revenues - Total International' is estimated at $942.78 million, down 27.9% year-over-year [6]. - 'Geographic Revenues - U.S. & Canada' is expected to be $1.30 billion, reflecting a slight decline of 1.2% [6]. - 'Geographic Revenues - Europe' is projected at $224.06 million, indicating a 10.4% increase from the prior year [6]. - 'Geographic Revenues - Latin America' is forecasted to reach $398.55 million, down 11.2% from the previous year [7]. Tenant Billings Growth - 'Organic Tenant Billings Growth - Total International' is expected at 5.8%, slightly up from 5.5% in the same quarter last year [8]. - 'Organic Tenant Billings Growth - U.S. & Canada' is projected at 3.7%, down from 5.1% year-over-year [8]. Ending Balance Estimates - 'U.S. & Canada - Ending Balance' is estimated at 41,824, down from 42,124 year-over-year [7]. - The total ending balance is projected to be 174,228, compared to 222,415 in the previous year [7]. - 'International - Ending Balance' is expected to be 107,433, down from 180,291 year-over-year [9]. Stock Performance - American Tower shares have returned +4.5% over the past month, compared to the S&P 500 composite's +5.7% change [9]. - With a Zacks Rank 2 (Buy), American Tower is expected to outperform the overall market in the near future [10].