SBAC Stock: Ignore Site Development Issues; Look at Site Leasing [Yahoo! Finance]
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
ir.sbasite.com
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Source: Yahoo! Finance
The reasoning seems to involve lackluster Site Development revenues . Yet, this is a non-core division for SBA and likely serves another purpose. In the meantime, SBA's core Site Leasing business continues to deliver solid metrics. Investors should likely focus on that, as SBA's ability to create strong shareholder value remains robust. Hence, I am bullish on SBAC stock. Focus on SBA's Core Business, Not Development Revenues To reasonably assess SBA's investment case, I believe that investors should focus on its core business. The seeming downturn in SBA's Site Development throughout 2023, which has likely contributed notably to keeping shares under pressure, should be largely irrelevant to the stock's investment case. Let's take a look at the company's recent numbers, which will illustrate my point. For context, SBA's revenue mix can be split into two parts: Site Leasing, which is the company's main cash flow source, comprising 93% of its total revenues in Fiscal 2023, and Site
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SBAC
News
- SBA Communications (SBAC) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates [Yahoo! Finance]Yahoo! Finance
- What's in Store for SBA Communications (SBAC) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- SBA Communications Co. (NASDAQ: SBAC) had its price target lowered by analysts at Barclays PLC from $260.00 to $255.00. They now have an "overweight" rating on the stock.MarketBeat
- SBA Communications Q4: A Dividend Growth Machine For Your Income Portfolio [Seeking Alpha]Seeking Alpha
- SBA Communications Corporation Sets Date for First Quarter 2024 Earnings ReleaseBusiness Wire
SBAC
Earnings
- 2/26/24 - Miss
SBAC
Sec Filings
- 4/23/24 - Form 4
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- SBAC's page on the SEC website