SBAC Stock Recent News

The consensus price target hints at a 28% upside potential for SBA Communications (SBAC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its second quarter results on Monday, July 31, 2023 after market close. SBA will host a conference call on Monday, July 31, 2023 to discuss these results. The call may be accessed as follows:   When: Monday, July 31, 2023 at 5:00 PM (EDT)    Dial-in Number: 877-692-8955    Access Code: 7464269    Conference Name: SBA Second Quarter 2023 Results    Replay Available: (8.

Great performance on fundamentals. Beat consensus estimates and raised full year guidance.

SBA Communications' (SBAC) Q1 results reflect year-over-year site-leasing revenue growth on healthy leasing activity amid elevated tower space demand. The company also raises its 2023 outlook.

SBA Communications Corporation (NASDAQ:SBAC ) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Company Participants Jeff Stoops - President, Chief Executive Officer Brendan Cavanagh - Chief Financial Officer Mark DeRussy - Vice President of Finance Conference Call Participants Nick Del Deo - MoffettNathanson Jonathan Atkin - RBC Walter Piecyk - LightShed David Arden - Bank of America Michael Rollins - Citi Brandon Nispel - Keybanc Capital Market Ric Prentiss - Raymond James Batya Levi - UBS Simon Flannery - Morgan Stanley Phil Cusick - JP Morgan Brett Feldman - Goldman Sachs Brendan Lynch - Barclays David Guarino - Green Street Eric Luebchow - Wells Fargo Greg Williams - TD Cowen Operator Ladies and gentlemen, thank you for standing by. Welcome to the SBA, First Quarter Results Conference Call.

While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended March 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 $3.13 per share, beating the Zacks Consensus Estimate of $3.11 per share. This compares to FFO of $2.96 per share a year ago.

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, May 1, 2023 after market close. SBA will host a conference call on Monday, May 1, 2023 to discuss these results.

Massive growth in mobile data requires continued investment in infrastructure. Interest expense guidance came in below my projections. That may be because management is looking at using free cash flow to pay down exposure to variable-rate debts.

Improvement in revenues on the back of steady site additions to its portfolio support SBA Communications' (SBAC) Q4 AFFO.