AMT Earnings Prediction
The chart below shows how AMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMT sees a +0.46% change in stock price 10 days leading up to the earnings, and a +1.55% change 10 days following the report. On the earnings day itself, the stock moves by +1.26%. This data can give you a slight idea of what to expect for the next quarter's release.
AMT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.52B
-10.51%
-13.03%
Gross Margin
54.39%
23.64%
4.02%
Operating Margin
45.17%
29.28%
2.01%
Net Margin
16.97%
-17.14%
-45.82%
EPS
-1.70
-234.92%
-188.54%
No Data Available
AMT Earnings Analysis
American Tower Corporation Corporation (AMT.N) Earnings Conference Call
Positive
Strong Demand Acceleration: Demand for our global portfolio of assets remains strong as we saw a continued acceleration in application volumes in the US, which nearly doubled those of the prior year period and similar growth in our services gross margin.
Data Center Leasing Growth: Our data center segment delivered another fantastic quarter of leasing, benefiting from accelerating hybrid IT deployments and early signs of AI-related demand.
Cost Management and Profitability: We continue to add value by managing our cost structure to maximize conversion rates, expand our margins and drive profitability across our business.
Strategic Portfolio Enhancement: We are executing on our previously stated strategic initiative to enhance our portfolio composition and improve the quality of earnings by focusing our discretionary capital in developed markets and closing our India sale.
AFFO Growth Increase: Our reported AFFO attributable to AMT common stockholders increased 2.6% year-over-year, driven by the high conversion of cash adjusted EBITDA growth to AFFO.
Negative
Strong Demand Highlights Performance: Adjusted for certain non-cash items in the quarter, including the loss taken upon closing our ATC India sale, our solid third quarter results continue to highlight strong demand across our exceptional portfolio of global assets.
Property Revenue Trends: Consolidated property revenue declined approximately 1% year-over-year and increased nearly 1% excluding non-cash straight-line revenue.
Negative Growth Factors: Growth was negatively impacted by roughly 3% due to FX as well as by the non-recurring of certain one-time benefits in the US in the prior year period and revenue reserves taken in the current period in Colombia.
AFFO Growth Analysis: Our reported AFFO attributable to American Tower common stockholders increased 2.6% year-over-year, driven by the high conversion of cash adjusted EBITDA growth to AFFO through the effective management of interest costs, maintaining CapEx and cash taxes, partially offset by the timing of our India sale.
Q4 Growth Expectation: We expect to see a step-down towards 4% growth in Q4 due to the commencement of the final tranche of Sprint churn, consistent with prior outlook assumptions.
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AMT Earning Call Sentiment
American Tower Corporation (AMT) Q3 2024 Earnings Call Transcript
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00:00
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AMT.N
3.76%Positive
The earnings call presents a mixed picture. Financial performance shows modest growth with increased AFFO and US data center revenue, but FX headwinds and revenue declines are concerns. The Q&A reveals cautious optimism but lacks strong guidance, especially for 2025. Regulatory risks, competitive pressures, and supply chain challenges add uncertainty. However, the stable dividend and improved credit rating offer some positives. Overall, the sentiment is neutral, as the positives are offset by significant challenges and uncertainties.