American Tower Gains 2.8% While Nasdaq Falls 0.6%, Eyes Feb 24 Earnings
American Tower stock climbed 2.76% on February 10 as the S&P 500 fell 0.33%, while the Dow rose 0.1% and the Nasdaq lost 0.59%. The company is set to report Q4 results on February 24, with consensus estimates calling for $2.54 EPS (+9.5% YoY) on $2.68 billion revenue (+5.1%).
1. Stock Performance and Market Context
On February 10, American Tower shares surged 2.76% to outpace the S&P 500’s 0.33% decline, the Dow’s 0.1% gain and the Nasdaq’s 0.59% drop. Over the past month, the stock has added 1.27% versus a 0.8% rise in the Finance sector and flat performance for the S&P 500.
2. Upcoming Earnings Projections
The company will report fourth-quarter results on February 24, with analysts forecasting $2.54 earnings per share, representing 9.48% year-over-year growth, on revenue of $2.68 billion, up 5.05% from last year. Full-year estimates stand at $10.67 EPS (+1.23%) on $10.58 billion revenue (−2.09%).
3. Valuation and Analyst Sentiment
American Tower carries a Zacks Rank of #4 (Sell) as consensus EPS estimates have moved 0.84% lower over the past 30 days. The stock trades at a forward P/E of 15.72 versus an industry average of 12.09 and boasts a PEG ratio of 0.7 compared with 2.68 for its peers, while its industry sits in the bottom 27% of all Zacks-ranked groups.