NEW YORK (TheStreet) -- American Tower (AMT) - Get Report shares are higher by 0.50% to $96.96 in afternoon trading on Tuesday, ahead of the release of the commercial real estate provider for wireless companies second quarter earnings results.
American Tower will release its earnings results after the closing bell tomorrow.
Analysts on average are expecting the company to report earnings of 49 cents per share on revenue of $1.2 billion.
Analysts' earnings expectations for the period are below the company's results for the year ago quarter, but four cents better than the 45 cents per share the Boston, MA-based company reported in the 2015 first quarter.
The company generated $1 billion in revenue for the year ago period.
Analysts at Zacks have takennote of the company's recent spree of purchasing towers in emerging markets and believe that the company will beat analysts' expectations for the quarter.
"Moreover, the company is focused on acquiring more than 100,000 towers by the end of 2015, through organic or inorganic means. Additionally, higher adoption of smartphones/tablets coupled with increased deployment of 3G/4G networks should boost the company's revenues in the to-be-reported quarter," Zacks analysts said.
Separately, TheStreet Ratings team rates AMERICAN TOWER CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMERICAN TOWER CORP (AMT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income."