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Is American Tower Corporation (AMT) Outperforming Other Finance Stocks This Year?

Zacks Equity Research

Investors focused on the Finance space have likely heard of American Tower Corporation (AMT), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.

American Tower Corporation is one of 847 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AMT is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for AMT's full-year earnings has moved 1.92% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, AMT has returned 39.79% so far this year. Meanwhile, stocks in the Finance group have gained about 13.30% on average. As we can see, American Tower Corporation is performing better than its sector in the calendar year.

Breaking things down more, AMT is a member of the REIT and Equity Trust - Other industry, which includes 117 individual companies and currently sits at #96 in the Zacks Industry Rank. This group has gained an average of 28.17% so far this year, so AMT is performing better in this area.

AMT will likely be looking to continue its solid performance, so investors interested in Finance stocks should continue to pay close attention to the company.


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