| --- | --- | |----------------------------------------------|--------------------------------------------------------------------------------| | | | | | | | January 25, 2024 | | | Fourth Quarter 2023 Earnings Conference Call | | | | 1 Fourth Quarter 2023 Earnings Conference Call The pathway to possible. PAGE | Cautionary Language This presentation contains forward-looking statements and information ("Forward-Looking Statements") that are based on our management's current expectations. Statements that are n ...

Shares of Crown Castle (CCI 4.26%), a real estate investment trust (REIT) that is one of the largest owners and operators of cellphone towers, were moving higher after the company pleased investors with its fourth-quarter earnings report, topping estimates on the top and bottom lines.As of 12:47 p.m. ET, the stock was up 3.4%. Crown Castle tops a low barCrown Castle's business shrank in the quarter, with revenue down 5% to $1.67 billion, ahead of estimates of $1.65 billion. That decline was attributable to ...

Crown Castle Inc. (CCI) reported fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82, outpacing the Zacks Consensus Estimate of $1.79. However, the reported figure declined 1.6% from the year-ago quarter.Results reflect better-than-anticipated revenues aided by healthy site-rental revenue growth. However, higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024.Net revenues of $1.67 billion ...

Crown Castle Inc.’s (CCI) fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82 surpassed the Zacks Consensus Estimate of $1.79. Net revenues of $1.67 billion, outpaced the Zacks Consensus Estimate of $1.65 billion.However, AFFO per share reported a 1.6% decline year over year. Net revenues fell 5.1% year over year.For 2023, Crown Castle reported AFFO per share of $7.55, beating the Zacks Consensus Estimate of $7.52. Moreover, the figure increased 2.3% from the prior year’s $7.38. Net ...

For the quarter ended December 2023, Crown Castle (CCI) reported revenue of $1.67 billion, down 5.1% over the same period last year. EPS came in at $1.82, compared to $0.95 in the year-ago quarter.The reported revenue represents a surprise of +1.56% over the Zacks Consensus Estimate of $1.65 billion. With the consensus EPS estimate being $1.79, the EPS surprise was +1.68%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Investors are always looking for stocks that are poised to beat at earnings season and Crown Castle Inc. (CCI) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Crown Castle is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty go ...

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Outfront Media (OUT) and Crown Castle (CCI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates a ...

Crown Castle Inc. (CCI) is scheduled to release fourth-quarter and full-year 2023 results on Jan 24 after the closing bell. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.In the last reported quarter, this Houston, TX-based real estate investment trust’s (REIT) adjusted funds from operations (FFO) per share missed the Zacks Consensus Estimate by 0.56%. Results reflected lower-than-anticipated re ...

BackyardProduction Thesis I love collecting dividends from my holdings. For me, the cash flow received makes it so much more enjoyable to be a long-term investor. It also makes it a lot easier psychologically to continue holding even if the price performance isn't heading in the direction I would like. I imagine this is the case for Crown Castle (NYSE:CCI) shareholders as of recently. The price is down nearly 50% but at least they're collecting consistent income from the REIT. The combination of the price d ...

Wall Street analysts forecast that Crown Castle (CCI) will report quarterly earnings of $1.79 per share in its upcoming release, pointing to a year-over-year decline of 3.2%. It is anticipated that revenues will amount to $1.65 billion, exhibiting a decline of 6.6% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of th ...