American Tower Sees FY24 AFFO $10.21-$10.45 Vs $10.30 Estimate
Portfolio Pulse from Benzinga Newsdesk
American Tower Corporation (AMT) forecasts its FY24 Adjusted Funds From Operations (AFFO) to be in the range of $10.21 to $10.45, compared to the analyst estimate of $10.30. This projection indicates a potential for performance in line with or slightly above expectations.
February 27, 2024 | 12:04 pm
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American Tower's FY24 AFFO forecast suggests a performance that meets or exceeds analyst expectations, potentially influencing investor confidence positively.
American Tower's guidance for its FY24 AFFO indicates a strong financial outlook, which is likely to be viewed positively by investors. Given that the forecast range's midpoint is slightly above the analyst estimate, this news could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100