AMT On Our Minds
American Tower (AMT) will report second quarter earnings this morning before the market opens. They will host a conference call at 8:30 AM ET. Senior Analyst at Wells Fargo, Jennifer Fritzsche, shared her earnings preview of the tower company. The firm estimates Q2 total revenue, adjusted EBITDA and AFFO/share [adjusted funds from operations] of $1.18 billion, $760.6 million and $1.21 vs. Street consensus of $1.18 billion, $756.3 million and $1.21, respectively. The Wells Fargo analysts’ AFFO estimate is $509.9 million, up 7.6% year-on-year (y/y).