Insights Into Crown Castle (CCI) Q3: Wall Street Projections for Key Metrics

Core Viewpoint - Analysts forecast Crown Castle (CCI) will report quarterly earnings of $1.80 per share, reflecting a year-over-year increase of 1.7%, while revenues are expected to decline by 1.9% to $1.64 billion [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.2% in the past 30 days, indicating a reassessment by covering analysts [2] - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenues- Site rental' will reach $1.58 billion, a change of +0.2% year-over-year [5] - 'Site rental revenues- Towers' are projected at $1.08 billion, indicating a +0.3% change year-over-year [5] - 'Site rental revenues- Fiber' is expected to reach $503.32 million, reflecting a +0.1% change year-over-year [5] - 'Revenues- Network services and other' is forecasted at $52.75 million, suggesting a significant decline of -41.4% year-over-year [6] - 'Revenues- Fiber' is projected at $505.92 million, indicating a slight decline of -0.2% from the prior-year quarter [6] - 'Services and other revenues- Towers' are expected to reach $50.05 million, reflecting a -41.8% change from the prior-year quarter [6] - The average prediction for 'Revenues- Towers' is $1.13 billion, indicating a -2.8% change from the year-ago quarter [7] Gross Margin Estimates - 'Site rental- Gross margin- Consolidated Total' is estimated at $1.16 billion, unchanged from the year-ago value [8] - 'Services & Other- Gross margin' is projected at $21.12 million, down from $26 million year-over-year [8] - 'Site rental gross margin- Fiber' is expected to reach $320.75 million, compared to $328 million in the previous year [9] Stock Performance - Over the past month, Crown Castle shares have recorded a return of -7.7%, contrasting with the Zacks S&P 500 composite's +5.4% change [9] - Based on its Zacks Rank 2 (Buy), CCI is expected to outperform the overall market in the upcoming period [9]