American Tower Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component American Tower Corp (NYSE:AMT) will unveil its latest earnings on Thursday, May 3, 2012. American Tower develops, owns, and operates communications sites throughout the country. Among its holdings are wireless communications towers, broadcast communications towers, and distributed antenna system.

American Tower Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 40 cents per share, a rise of 73.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 35 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 40 cents during the last month. Analysts are projecting profit to rise by 71.4% versus last year to $1.68.

Last quarter, the company came in at net income of 51 cents per share against a mean estimate of profit of 31 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 29 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 19.3% in revenue from the year-earlier quarter to $671.4 million.

Analyst Ratings: Analysts are bullish on this stock, with 17 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $205.1 million (51 cents a share) from $83.5 million (21 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 19.3% to $653.2 million from $547.6 million.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 23.2% over the last four quarters.

Stock Price Performance: From March 29, 2012 to April 27, 2012, the stock price rose $2.93 (4.7%), from $62.17 to $65.10. The stock price saw one of its best stretches over the last year between September 12, 2011 and September 19, 2011, when shares rose for six straight days, increasing 5.6% (+$2.90) over that span. It saw one of its worst periods between May 10, 2011 and May 19, 2011 when shares fell for eight straight days, dropping 3% (-$1.60) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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