SBA(US:SBAC) Financial Modeling Prep·2025-11-04 15:08Core Viewpoint - SBA Communications Corporation is a leading provider of wireless communications infrastructure, focusing on site leasing services for mobile network operators, and has shown strong financial performance despite a recent price target adjustment by BMO Capital [1][2]. Financial Performance - The company reported quarterly funds from operations (FFO) of $3.3 per share, exceeding the Zacks Consensus Estimate of $3.19 per share, resulting in a +3.45% FFO surprise for the quarter [2][6]. - SBA Communications has consistently surpassed consensus FFO estimates over the past four quarters, with the previous quarter's FFO at $3.17 per share, beating the expected $3.12 per share, leading to a +1.6% surprise [3][6]. - Revenue for the quarter ending September 2025 was $732 million, exceeding the Zacks Consensus Estimate by 3.86% and increasing from $668 million reported in the same quarter last year [4][6]. Market Position - The company has consistently beaten consensus revenue estimates in each of the last four quarters, indicating a strong market position [4][6]. - SBA Communications raised its revenue forecast for 2025 during its recent earnings call, driven by consistent demand for its site leasing services [5]. Stock Performance - BMO Capital maintained a "Market Perform" rating for SBA Communications, lowering its price target from $215 to $210, with the stock currently priced at $193.52, reflecting a 1.07% increase [2][5][6]. - The company's market capitalization is approximately $20.78 billion [5].