SBA Communications (SBAC) Beats Q4 FFO and Revenue Estimates

Core Viewpoint - SBA Communications reported quarterly funds from operations (FFO) of $3.47 per share, exceeding the Zacks Consensus Estimate of $3.37 per share, and showing an increase from $3.37 per share a year ago [1][2] Financial Performance - The company achieved revenues of $693.7 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.78%, compared to $675.02 million in the same quarter last year [2] - Over the last four quarters, SBA Communications has exceeded consensus FFO estimates two times and topped revenue estimates once [2] Stock Performance - SBA Communications shares have increased approximately 4.5% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $3.22 on revenues of $661.87 million, and for the current fiscal year, it is $12.91 on revenues of $2.72 billion [7] - The estimate revisions trend for SBA Communications is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry, to which SBA Communications belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead [8]