Exploring Analyst Estimates for American Tower (AMT) Q3 Earnings, Beyond Revenue and EPS

In its upcoming report, American Tower (AMT) is predicted by Wall Street analysts to post quarterly earnings of $2.62 per share, reflecting a decline of 0.8% compared to the same period last year. Revenues are forecasted to be $2.65 billion, representing a year-over-year increase of 5.2%.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Given this perspective, it's time to examine the average forecasts of specific American Tower metrics that are routinely monitored and predicted by Wall Street analysts.Analysts forecast 'Total operating revenues- Data Centers' to reach $268.01 million. The estimate suggests a change of +14.5% year over year.Analysts' assessment points toward 'Total operating revenues- Services' reaching $58.18 million. The estimate indicates a year-over-year change of +11.9%.According to the collective judgment of analysts, 'Total operating revenues- Total Property' should come in at $2.59 billion. The estimate suggests a change of +5.1% year over year.The combined assessment of analysts suggests that 'Geographic Revenues- Total International' will likely reach $1.01 billion. The estimate points to a change of +10.2% from the year-ago quarter.Analysts expect 'Geographic Revenues- U.S. & Canada' to come in at $1.32 billion. The estimate points to a change of -0.2% from the year-ago quarter.The collective assessment of analysts points to an estimated 'Geographic Revenues- Europe' of $238.10 million. The estimate suggests a change of +11.8% year over year.Based on the collective assessment of analysts, 'Geographic Revenues- Latin America' should arrive at $417.27 million. The estimate points to a change of +3.5% from the year-ago quarter.It is projected by analysts that the 'U.S. & Canada - Ending Balance' will reach 41,807 . Compared to the present estimate, the company reported 41,928 in the same quarter last year.Analysts predict that the 'Total - Ending Balance' will reach 149,316 . The estimate compares to the year-ago value of 147,299 .The consensus estimate for 'Organic Tenant Billings Growth - Total International' stands at 5.9%. Compared to the present estimate, the company reported 5.7% in the same quarter last year.The consensus among analysts is that 'Organic Tenant Billings Growth - U.S. & Canada' will reach 4.1%. Compared to the present estimate, the company reported 5.0% in the same quarter last year.The average prediction of analysts places 'International - Ending Balance' at 107,652 . The estimate compares to the year-ago value of 105,371 . View all Key Company Metrics for American Tower here>>> Shares of American Tower have experienced a change of -0.9% in the past month compared to the +0.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), AMT is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks