SBA Communications (SBAC) Misses Q1 FFO and Revenue Estimates [Yahoo! Finance]
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
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Source: Yahoo! Finance
This compares to FFO of $3.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -0.30%. A quarter ago, it was expected that this communications tower operator would post FFO of $3.32 per share when it actually produced FFO of $3.37, delivering a surprise of 1.51%. Over the last four quarters, the company has surpassed consensus FFO estimates three times. SBA Communications , which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $657.86 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 1.87%. This compares to year-ago revenues of $675.52 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. SBA Communica
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News
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- SBA Communications Co. (NASDAQ: SBAC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- SBA Communications Co. (NASDAQ: SBAC) had its price target lowered by analysts at Royal Bank of Canada from $250.00 to $235.00. They now have an "outperform" rating on the stock.MarketBeat
- SBA Communications Corporation to Speak at The JP Morgan 52nd Annual Global Technology, Media and Communications ConferenceBusiness Wire
SBAC
Earnings
- 4/29/24 - Miss
SBAC
Sec Filings
- 5/16/24 - Form 144
- 5/7/24 - Form 4
- 5/6/24 - Form 10-Q
- SBAC's page on the SEC website