Company Overview - SBA Communications Corporation (SBAC) has a market cap of approximately $20.3 billion and operates a portfolio of communication towers and related sites, providing services to wireless carriers across the U.S., Latin America, and Canada [1] Earnings Expectations - SBAC is expected to report an AFFO of $3.04 per share for Q3, which represents an 8.4% decrease from $3.32 per share in the same quarter last year [2] - For fiscal 2025, analysts anticipate an AFFO of $12.12 per share, down 9.4% from $13.37 in fiscal 2024 [3] Stock Performance - Over the past 52 weeks, SBAC's stock has declined by 20.7%, underperforming the Real Estate Select Sector SPDR Fund's (XLRE) 3.9% drop and the S&P 500 Index's 17.9% return [4] Recent Financial Results - In Q2, SBAC reported adjusted FFO per share of $3.17, exceeding Wall Street estimates of $3.12, with revenue of $699 million surpassing expectations of $670.1 million [5] - The company projects full-year FFO between $12.65 and $13.02 per share and revenue in the range of $2.78 billion to $2.83 billion, indicating growth in its wireless infrastructure portfolio [5] Analyst Ratings - Wall Street analysts have a "Moderate Buy" rating for SBAC, with 20 analysts covering the stock: eight recommend "Strong Buy," one suggests "Moderate Buy," and 11 suggest "Hold" [6] - The average analyst price target is $245.61, indicating a potential upside of 30.3% from current price levels [6]