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Get a deeper insight into the potential performance of SBA Communications (SBAC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

SBA Communications' (SBAC) Q1 earnings are likely to have benefited from the robust demand for its wireless communication assets by carriers, though high interest expenses may have hurt it.

SBA Communications is a REIT focused on owning and operating cell towers, offering income stability and strong dividend growth over the past 5 years. The company's financial performance during fiscal year '23 showed a beat on FFO but a decline in revenue in Q4. Despite the challenges faced by REITs, SBAC managed to post growth in revenue and double-digit growth in FFO and net income.

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, April 29, 2024 after market close. SBA will host a conference call on Monday, April 29, 2024 to discuss these results. The call may be accessed as follows: When: Monday, April 29, 2024 at 5:00 PM (EDT)     Dial-in Number: 877-692-8955     Access Code: 3308847     Conference Name: SBA First Quarter 2024 Results     Replay Available:.

SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock?

SBA Communications (SBAC) is likely to benefit from the rising global demand for wireless connectivity and its asset buyouts. However, notable customer concentration and high interest rates are key woes.

SBA Communications' (SBAC) Q4 results reflect year-over-year site-leasing revenue growth on healthy leasing activity. The company has also raised its dividend.

SBA Communications Corporation (NASDAQ:SBAC) Q4 2023 Earnings Call Transcript February 26, 2024 5:00 PM ET

While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.37 per share, beating the Zacks Consensus Estimate of $3.32 per share. This compares to FFO of $3.11 per share a year ago.