Analysts polled by Bloomberg expect the company to report earnings of 22 cents per share for 2010 fourth quarter, compared to earnings of 16 cents per share in the year-ago period. Analysts foresee the company reporting earnings per share of 94 cents for 2010, $1.09 for 2011 and $1.44 for 2012, up from earnings of 59 cents per share reported for 2009.
The stock surged around 31% during the past year, whereas WPCS International (WPCS) and Crown Castle International returned around -8% and 26%, respectively.
Of the 23 analysts covering American Tower, 18 recommend buying, 4 suggest holding and 1 rates selling. The stock's average price target is $59.3, 9% above current level, based on analysts surveyed by Bloomberg.