Unveiling SBA Communications (SBAC) Q3 Outlook: Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts project that SBA Communications (SBAC) will report quarterly earnings of $3.32 per share, reflecting a year-over-year decline of 0.6%, with revenues expected to reach $668.95 million, down 2% from the same quarter last year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised 0.1% higher over the last 30 days, indicating a collective reevaluation by analysts [1] - Revenue from Site Development is projected at $37.78 million, showing a year-over-year decline of 16.2% [2] - International Site Leasing revenues are expected to be $166.70 million, down 1.4% from the prior-year quarter [2] - Domestic Site Leasing revenues are forecasted to reach $462.12 million, reflecting a year-over-year change of -1.3% [2] Group 2: Site Metrics - Estimated revenues from Site Leasing total $628.82 million, indicating a change of -1.4% from the prior-year quarter [3] - The consensus for International Sites owned is 22,411, up from 22,077 in the same quarter last year [3] - Domestic Sites owned are projected at 17,506, compared to 17,469 a year ago [3] - Total Sites owned are estimated at 39,947, compared to 39,546 last year [3] - Total Sites built is estimated at 128, up from 86 in the same quarter last year [3] Group 3: Profit and Depreciation Estimates - Segment operating profit for Site Leasing (Domestic + International) is expected to reach $515.51 million, down from $519.16 million year-over-year [3] - Segment operating profit for Site Development is projected at $10.32 million, compared to $13.61 million in the same quarter last year [4] - Depreciation, accretion, and amortization are estimated at $63.83 million, significantly lower than the year-ago figure of $180.67 million [4] Group 4: Stock Performance - SBA Communications shares have returned -0.2% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [4] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [4]