SBA Communications (SBAC) reported $667.6 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.2%. EPS of $3.32 for the same period compares to $0.80 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $668.95 million, representing a surprise of -0.20%. The company has not delivered EPS surprise, with the consensus EPS estimate being $3.32.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $3.34 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this communications tower operator would post FFO of $3.28 per share when it actually produced FFO of $3.29, delivering a surprise of 0.30%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.SBA ...

Exhibit 99.1 PRESS RELEASE :: FINANCIAL FOR IMMEDIATE RELEASE SBA Communications Corporation Reports Third Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend Boca Raton, Florida, October 28, 2024 (BUSINESS NEWSWIRE) — SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quarter include: • Net income of $255.9 million or $2.40 per share • Industry-leading AFFO per ...

SBA Communications Corporation (SBAC) is scheduled to report third-quarter 2024 results on Oct. 28 after the market closes. The company’s quarterly results may display a decline in revenues and adjusted funds from operations (AFFO) per share year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this Boca Raton, FL-based communications tower REIT reported an AFFO per share of $3.29, beating the Zacks Consensus Estimate by a whisker. Results refl ...

Analysts on Wall Street project that SBA Communications (SBAC) will announce quarterly earnings of $3.32 per share in its forthcoming report, representing a decline of 0.6% year over year. Revenues are projected to reach $668.95 million, declining 2% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during th ...

Since I last covered SBAC Communications Corporation (NASDAQ: SBAC ) back in May 2023 where I had a Hold position based on the need for a business reinvention, it suffered from a 19% downside as of October last year provingAs a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world as the Director of Keylo ...

SBA Communications (SBAC) shares soared 4% in the last trading session to close at $249.31. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.2% loss over the past four weeks. The increased investor optimism in the stock can be attributed to the favorable operating environment. This communications tower operator is expected to post quarterly funds from operations ( of $3.32 per share in its upcoming report, which represents a yea ...

Shares of SBA Communications (SBAC) have rallied 22% over the past three months, outperforming the industry's upside of 17.8%. This tower REIT is a leading independent owner and operator of wireless communications infrastructure. The company generates revenues from two primary businesses — site leasing (94.8% of the total revenues in the second quarter of 2024) and site development services (5.2%). Image Source: Zacks Investment Research Factors Behind SBAC Stock Price Rise: Will This Trend Last? Analysts s ...

It has been about a month since the last earnings report for SBA Communications (SBAC) . Shares have added about 4.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is SBA Communications due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. SBA Communications' Q2 AFFO Be ...

Shares of SBA Communications (SBAC) have risen 13.3% over the past three months compared with the industry's upside of 12.4%. Last month, SBAC reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $3.29, which beat the Zacks Consensus Estimate by a whisker. Results reflected a decent improvement in site leasing revenues. However, lower revenues posted by site development hurt the results to some extent. Analysts also seem bullish on this Zacks Rank #3 (Hold) company, with the Zacks ...