American Towers will be releasing their Q2 earnings tomorrow, Wednesday July 31st. Wall Street is optimistic about these earning and analysts project a profit of 53 cents a share, which is an increase from last year’s 42 cents a share.
“Analysts are projecting earnings of $2.06 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $697.7 million by 17%, finishing at $814.7 million for the quarter. For the year, revenue is projected to roll in at $3.30 billion,” Forbes reported.
100% (16) of the analysts are rating America Towers (AMT) as a buy.