CCI Stock Recent News

You may have heard whispers that Warren Buffett has a secret portfolio outside of Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ). This lesser-known holding company is called New England Asset Management, where Buffett oversees a relatively small but intriguing collection of investments.

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Outfront Media (OUT) and Crown Castle (CCI). But which of these two stocks presents investors with the better value opportunity right now?

Crown Castle's (CCI) Q1 results outshine estimates on better-than-anticipated revenues. However, high interest expense is a concern.

Crown Castle's (CCI) Q1 earnings outshine estimates. Site rental revenues fall year over year, hurting the top line.

Crown Castle Inc. (NYSE:CCI ) Q1 2024 Earnings Conference Call April 17, 2024 5:00 PM ET Company Participants Kris Hinson - VP, Corporate Finance & Treasurer Robert Bartolo - Chair Steven Moskowitz - President & CEO Daniel Schlanger - CFO Tony Melone - Interim President & CEO Conference Call Participants Michael Rollins - Citi Jonathan Atkin - RBC Markets Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Nick Del Deo - MoffettNathanson David Barden - Bank of America Richard Choe - JPMorgan Matt Niknam - Deutsche Bank Batya Levi - UBS Brendan Lynch - Barclays Brandon Nispel - KeyBanc Capital Markets Operator Hello, and welcome to the Crown Castle First Quarter 2024 Earnings Call. All participants will be in listen-only mode.

While the top- and bottom-line numbers for Crown Castle (CCI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.72 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to FFO of $1.91 per share a year ago.

Wireless tower operator Crown Castle beat Wall Street estimates for first-quarter site rental revenue on Wednesday, helped by steady demand for its wireless infrastructure services.

A slowdown in tower activity and elevated interest expenses in the to-be-reported quarter are likely to have impacted Crown Castle's (CCI) performance.

Event-driven surges are often mispriced as sustaining growth, presenting opportunities for investors. The market is skilled at pricing cyclicality but struggles to properly adjust multiples for event-driven surges. Crown Castle is currently mispriced due to a misinterpreted event-driven surge caused by the Sprint-T-Mobile merger.