American Tower Corporation (REIT) (NYSE:AMT) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AMT to report 3Q20 income of $ 1.10 per share.
For the full year, analysts anticipate top line of $ 7887.81 million, while looking forward to income of $ 4.20 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 8.23 ~ $ 8.23 per share
Click Here For More Historical Outlooks Of American Tower Corporation (REIT)
Previous Quarter Performance
American Tower Corporation (REIT) announced income for the second quarter of $ 2.07 per share, from the revenue of $ 1,913.00 million. The quarterly earnings gained 115.63 percent while revenues raised 1.24 percent compared with the same quarter last year.
Wall street analysts are predicting, AMT to report 2Q20 income of $ 1.03 per share from revenue of $ 1944.58 million. The bottom line results beat street analysts by $ 1.04 or 100.97 percent, at the same time, top line results fell short of analysts by $ 31.58 million or 1.62 percent.
Stock Performance
Shares of American Tower Corporation (REIT) traded low $ -6.03 or -2.55 percent on Wednesday, reaching $ 230.13 with volume of 2.34 million shares. American Tower Corporation (REIT) has traded high as $ 237.32 and has cracked $ 229.25 on the downward trend
According to the previous trading day, closing price of $ 230.13, representing a 35.47 % increase from the 52 week low of $ 174.32 and a 13.24 % decrease over the 52 week high of $ 272.20.
The company has a market capital of $ 102.08 billion and is part of the Communication Services sector and Telecom Services industry.
Conference Call
American Tower Corporation (REIT) will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.americantower.com
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 171,000 communications sites.
