7/28/2023 0 Comments Amt yahoo finance![]() ![]() The company has a “clear line of sight given a backlog full of design wins that has basically locked in that growth rate” on the revenue line, he said in his note. He argued, amid the company’s cheery growth projections and likely expectations among the bull camp for $4 a share in annual earnings power within a few years. Marvell “will be in the same camp now” as Advanced Micro Devices Inc. “In fact, it was a GAME-CHANGER for investors and in my view squarely positions Marvell as a best-in-class GROWTH SEMI into CY22,” he continued. The company’s earnings call could have been “one of the best (if not the best) semi conf calls I have listened to in quite some time,” wrote Mizuho desk-based analyst Jordan Klein in a note affiliated with Mizuho’s sales operations and not its research team. For comparison, its industry has an average Forward P/E of 11.71, which means American Tower is trading at a premium to the group.Chief Financial Officer Jean Hu said on the earnings call late Thursday that she expects “continued strong demand across our end markets and improvement in supply to drive our top line revenue growth above 30% in fiscal 2023.” That projection generated enthusiasm, as did Marvell’s January-quarter revenue forecast that implied upwards of 60% growth. In terms of valuation, American Tower is currently trading at a Forward P/E ratio of 19.78. American Tower is currently sporting a Zacks Rank of #3 (Hold). Over the past month, the Zacks Consensus EPS estimate has moved 0.16% lower. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. ![]() These recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice recent changes to analyst estimates for American Tower. These results would represent year-over-year changes of -1.02% and +2.75%, respectively. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.73 billion, up 2.23% from the year-ago period.ĪMT's full-year Zacks Consensus Estimates are calling for earnings of $9.66 per share and revenue of $11.01 billion. The company is expected to report EPS of $2.36, down 8.88% from the prior-year quarter. ![]() Investors will be hoping for strength from American Tower as it approaches its next earnings release. This has lagged the Finance sector's gain of 2.29% and the S&P 500's gain of 4.14% in that time. Prior to today's trading, shares of the wireless communications infrastructure company had lost 2.85% over the past month. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 1.54%. This change lagged the S&P 500's 0.2% loss on the day. American Tower (AMT) closed the most recent trading day at $188.64, moving -1.31% from the previous trading session.
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