Core Insights - SBA Communications reported revenue of $664.25 million for the quarter ended March 2025, reflecting a 1% increase year-over-year, with EPS at $3.16 compared to $1.42 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $657 million by 1.10%, and the EPS also surpassed the consensus estimate of $3.12 by 1.28% [1] Financial Performance Metrics - The company’s shares returned +2.4% over the past month, contrasting with the Zacks S&P 500 composite's -4.3% change, indicating relative strength in the stock [3] - Domestic sites owned totaled 17,447, slightly below the three-analyst average estimate of 17,463, while international sites owned were 22,262, also below the estimate of 22,379 [4] - Total sites owned reached 39,709, compared to the average estimate of 39,875 [4] - Revenue from site development was $48.04 million, significantly above the estimated $37.21 million, marking a year-over-year increase of 62.4% [4] - International site leasing revenue was $155.22 million, below the estimate of $159.66 million, representing a year-over-year decline of 7% [4] - Domestic site leasing revenue was $460.99 million, slightly above the estimate of $460.44 million, showing a minimal year-over-year change of -0.1% [4] - Total site leasing revenue was $616.21 million, below the estimate of $620.10 million, reflecting a year-over-year decrease of 1.9% [4] - Net earnings per share (diluted) were reported at $1.77, below the four-analyst average estimate of $2.05 [4] - Segment operating profit for site leasing (domestic and international) was $500.73 million, slightly below the average estimate of $504.10 million [4] - Segment operating profit for site development was $9.85 million, exceeding the average estimate of $8.75 million [4]

Core Viewpoint - Analysts project that SBA Communications (SBAC) will report quarterly earnings of $3.12 per share, reflecting a year-over-year decline of 5.2%, with revenues expected to reach $657 million, a slight decline of 0.1% from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 0.1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- Site Development' to be $37.21 million, a year-over-year increase of 25.8% [5]. - The consensus for 'Revenues- International Site Leasing' is $159.66 million, indicating a decline of 4.3% from the previous year [5]. - 'Revenues- Domestic Site Leasing' is projected to reach $460.44 million, reflecting a slight decline of 0.2% year-over-year [5]. - Total 'Revenues- Site Leasing' is expected to be $620.10 million, down 1.3% from the previous year [6]. Site Ownership and Development - Analysts predict 'Sites owned - Domestic' to be 17,463, slightly down from 17,478 reported in the same quarter last year [6]. - 'Sites owned - International' is expected to reach 22,379, up from 22,160 in the previous year [7]. - The total 'Sites owned' is projected at 39,875, compared to 39,638 reported last year [8]. - The estimate for 'Sites acquired - Total' is 36, significantly up from 11 in the previous year [8]. Operating Profit Estimates - 'Segment operating profit- Site Leasing (Domestic + International)' is expected to be $504.10 million, down from $513.46 million year-over-year [9]. - 'Segment operating profit- Site Development' is projected at $8.75 million, an increase from $6.41 million reported in the same quarter last year [9]. - 'Depreciation, accretion and amortization' is estimated to be $67.77 million, down from $76.75 million in the previous year [10]. Stock Performance - Shares of SBA Communications have increased by 8% over the past month, contrasting with a decline of 6.6% in the Zacks S&P 500 composite [10].