American Tower to Report Q3 Earnings: What to Expect From the Stock?

Core Viewpoint - American Tower Corporation (AMT) is expected to report third-quarter 2025 results on October 28, with anticipated year-over-year revenue growth but a slight decline in adjusted funds from operations (AFFO) per share [1][7]. Financial Performance - In the last quarter, AMT reported an AFFO of $2.60 per share, meeting consensus expectations, with revenue growth driven by its property and service operations [2]. - The consensus estimate for quarterly revenues stands at $2.65 billion, reflecting a 5.2% increase from the previous year [6][9]. Revenue Segments - The Total Property segment is projected to generate operating revenues of $2.59 billion, indicating a 5.1% increase year-over-year [4]. - The Services segment is expected to see revenues of $58.2 million, representing an 11.9% growth compared to the prior year [4]. - The Data Centers segment is estimated to achieve revenues of $268 million, up from $234 million in the same quarter last year, benefiting from trends in cloud computing and IT infrastructure demand [5]. Market Dynamics - The demand for AMT's services is likely to remain strong due to increased capital expenditures by wireless carriers driven by rising wireless penetration and 5G network deployment [3]. - However, elevated churn in AMT's U.S. and Canada property segments may negatively impact overall performance [6][9]. Analyst Sentiment - Analysts have shown caution regarding AMT's upcoming quarter, with the consensus estimate for AFFO per share remaining unchanged at $2.62, indicating a slight decrease from the previous year [7]. - The company's Earnings ESP is currently at 0.00%, suggesting no clear prediction of a surprise in AFFO per share for the upcoming quarter [10].