American Tower Shares Drop 3.35% After 8.63% Monthly Rally
American Tower’s shares fell 3.35%, underperforming the S&P 500’s 0.56% gain despite an 8.63% one-month advance. Consensus for the February 24 earnings call forecasts Q1 EPS of $2.54 (+9.48%) on $2.68 billion revenue (+5.05%) and full-year EPS of $10.67.
1. Stock Performance Deviation
American Tower shares fell 3.35% in the latest session, underperforming the S&P 500’s 0.56% gain and lagging the Dow’s 0.26% and Nasdaq’s 0.78% advances. The stock climbed 8.63% over the past month, outpacing the Finance sector’s 1.23% loss and the S&P 500’s 1.27% decline.
2. Earnings Outlook
The company is scheduled to report first-quarter results on February 24, with consensus estimates calling for EPS of $2.54—a 9.48% increase—and revenue of $2.68 billion, up 5.05% year-over-year. Full-year projections forecast EPS of $10.67 (+1.23%) on $10.58 billion revenue, a 2.09% decrease.
3. Valuation and Analyst Sentiment
American Tower trades at a forward P/E of 17.48, a notable premium to the 12.21 industry average, while its PEG ratio stands at 0.78 versus the industry’s 2.59 median. An internal ranking of 4 signals negative near-term sentiment based on recent estimate revisions.