American Tower (NYSE:AMT) is scheduled to announce Q2 earnings outcomes on Thursday, July twenty seventh, earlier than market open.

The consensus FFO estimate is $2.57 and the consensus income estimate is $2.72B.

During the last 2 years, AMT has overwhelmed FFO estimates 75% of the time and income estimates 100% of the time.

Previous outcomes:

Q1 AFFO of $2.54 beats by $0.08 and income of $2767.2M (+4.0% Y/Y) beats by $27.2M.

The corporate boosted its 2023 steering for AFFO per share, primarily because of the favorable impacts of overseas foreign money change price fluctuations.

Final reported e-book worth per share was $11.60, the inventory is at the moment buying and selling at $189.32.

Rankings on AMT:

Promote-side analysts: Purchase, with common worth goal of $236.35.

SA analysts: Purchase

Quant Score system: Promote

American Tower has adverse EPS revisions and is overpriced when in comparison with different actual property shares. The corporate has 4-year common dividend yield of 1.99%, whereas the actual property sector median is 4.28%, in accordance with Quant.

Latest rankings actions:

BMO Capital Markets analyst Ari Klein initiated protection with an Outperform score, contemplating the corporate’s diversified international tower portfolio.

Latest earnings evaluation from SA contributors:

• American Tower: Too Depressed However Consumers’ Redemption Is Possible Shut
• Boring Factual Data About AFFO For American Tower