![]() ![]() ![]() That year Buffett’s hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as “fees”. His investors didn’t mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. That would have been 9.35% in hedge fund “fees”.Īctually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as “fees”. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. If Warren Buffett’s hedge fund didn’t generate any outperformance (i.e. Warren Buffett took 25% of all returns in excess of 6 percent.įor example S&P 500 Index returned 43.4% in 1958. Back then they weren’t called hedge funds, they were called “partnerships”. He launched his hedge fund in 1956 with $105,100 in seed capital. This represents a premium compared to its industry's average Forward P/E of 11.97.Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Valuation is also important, so investors should note that American Tower has a Forward P/E ratio of 19.38 right now. American Tower is currently a Zacks Rank #3 (Hold). Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. ![]() Our research shows that these estimate changes are directly correlated with near-term stock prices. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors might also notice recent changes to analyst estimates for American Tower. These results would represent year-over-year changes of -1.02% and +2.75%, respectively. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.73 billion, up 2.23% from the year-ago period.ĪMT's full-year Zacks Consensus Estimates are calling for earnings of $9.66 per share and revenue of $11.01 billion. The company is expected to report EPS of $2.36, down 8.88% from the prior-year quarter. Wall Street will be looking for positivity from American Tower as it approaches its next earnings report date. This has lagged the Finance sector's gain of 3.55% and the S&P 500's gain of 4.61% in that time. Prior to today's trading, shares of the wireless communications infrastructure company had lost 6.49% over the past month. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%. The stock lagged the S&P 500's daily gain of 0.93%. American Tower (AMT) closed at $188.56 in the latest trading session, marking a +0.67% move from the prior day. ![]()
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