SBA Communications' (SBAC) Q1 AFFO & Revenues Miss 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
Adjusted funds from operations (AFFO) per share of $3.29 lagged the Zacks Consensus Estimate of $3.30. Nonetheless, the figure reflects a rise of 5.1% from the prior-year quarter. Results were affected by lower site development revenues. However, SBAC witnessed an improvement in site leasing revenues, which supported the results to some extent. It continues to benefit from the addition of sites to its portfolio. The company lowered its 2024 outlook. Quarterly total revenues decreased 2.6% year over year to $657.9 million. The figure also missed the Zacks Consensus Estimate of $670.4 million. Brendan Cavanagh, president and CEO of the company, said, “Carrier activity throughout our markets remained measured in response to continued macro-economic financial pressures and the high cost of capital, but nonetheless, we continued to see steady network investment across our portfolio. The consumer and competitive pressures to provide high-performing mobile broadband services persist bo
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News
- Behind the Scenes: Tech Giants Innovate for More Sustainable AI Data CentersPR Newswire
- Behind the Scenes: Tech Giants Innovate for More Sustainable AI Data CentersPR Newswire
- 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