What to Expect From SBA Communications’ Next Quarterly Earnings Report

Company Overview - SBA Communications Corporation (SBAC) has a market cap of approximately $20.7 billion and operates a portfolio of communication towers and related sites, providing essential tower space and services to wireless carriers across the United States, Latin America, and Canada [1] Earnings Expectations - SBAC is set to report its Q4 earnings soon, with analysts predicting an AFFO of $3.08 per share, which represents an 11.2% decrease from $3.47 per share in the same quarter of the previous year [2] - For fiscal 2025, analysts expect SBAC to report an AFFO of $12.20 per share, down 8.8% from $13.37 in fiscal 2024 [3] Stock Performance - Over the past 52 weeks, SBAC stock has declined by 4.9%, underperforming the Real Estate Select Sector SPDR Fund's (XLRE) increase of 2.7% and the S&P 500 Index's (SPX) return of 16.9% during the same period [4] - The company has lagged the broader market due to weakened investor sentiment towards tower REITs amid rising interest rates, which have increased financing costs and compressed valuations for capital-intensive infrastructure businesses [5] Analyst Ratings - Wall Street analysts maintain a cautiously optimistic outlook on SBAC's stock, with an overall "Moderate Buy" rating. Among 20 analysts, eight recommend "Strong Buy," one suggests a "Moderate Buy," and 11 recommend a "Hold" [6] - The average analyst price target for SBAC is $229.78, indicating a potential upside of 18.4% from current price levels [6]