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S&P 500 (NYSE:SPY) component American Tower (NYSE:AMT) will unveil its latest earnings on Wednesday, October 31, 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 Earnings Preview Cheat Sheet
During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 38 cents during the last month.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 47 cents per share versus a mean estimate of profit of 41 cents per share.
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A Look Back: In the second quarter, profit fell 58.2% to $48.2 million (12 cents a share) from $115.2 million (29 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 16.8% to $697.7 million from $597.2 million.
Wall St. Revenue Expectations: Analysts predict a rise of 13.5% in revenue from the year-earlier quarter to $715.3 million.
Analyst Ratings: With 14 analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.
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 20.7% over the last four quarters.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.01 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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