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Crown Castle (CCI)
NYSE:CCI
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.47Last Year’s EPS
$0.83Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: -20.37%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
Crown Castle's earnings call highlighted strengthened financial performance and strategic adjustments, including reaffirmation of growth targets and cost-saving initiatives. However, challenges in the small cell segment and a lowered net income outlook present areas of concern.Company Guidance
During the third quarter 2024 earnings call for Crown Castle, the company reaffirmed its full-year guidance for adjusted EBITDA and AFFO, projecting consolidated organic revenue growth of approximately 5%. This growth includes a 4.5% increase in towers, 10% in small cells, and 2% in fiber solutions. Despite a reduction in the 2024 net income outlook due to a $125 million to $150 million anticipated asset write-off, the company expects strong performance from its 40,000-node small cell backlog, with more than 70% being colocation nodes. Crown Castle reported third-quarter consolidated organic growth of 5.2%, with towers contributing 4.3%, small cells 25% (including $15 million in nonrecurring revenues), and fiber solutions 1%. Adjusted EBITDA increased by 3% year-over-year, and the leverage ratio decreased to 5.5x net debt to EBITDA. For the full year, Crown Castle anticipates deploying 11,000 to 13,000 new revenue-generating nodes, maintaining discretionary capital expenditures between $1.2 billion and $1.3 billion.Reaffirmation of 2024 Financial Outlook
Crown Castle reaffirms its full-year 2024 outlook for adjusted EBITDA and AFFO, expecting consolidated organic revenue growth of approximately 5%.
Strong Segment Performance
Reported growth includes 4.5% in towers, 10% in small cells, and 2% in fiber solutions, validating their ability to deliver consistent growth.
Reduction in Net Debt to EBITDA
Crown Castle reduced leverage to 5.5x net debt to EBITDA from 5.9x, demonstrating improved financial stability.
Successful Cost Reduction Initiatives
The company achieved $65 million in operating cost reductions, exceeding the $60 million forecast.
Significant Capital Expenditure Savings
Canceling 7,000 nodes saves about $800 million in future capital expenditures, improving the risk-return profile of their backlog.
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CCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $113.85 | $109.98 | -3.40% |
| Jul 17, 2024 | $102.59 | $102.02 | -0.56% |
| Apr 17, 2024 | $88.96 | $90.22 | +1.42% |
| Jan 24, 2024 | $99.48 | $104.43 | +4.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crown Castle (CCI) report earnings?
Crown Castle (CCI) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Crown Castle (CCI) earnings time?
Crown Castle (CCI) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCI EPS forecast?
CCI EPS forecast for the fiscal quarter 2024 (Q4) is $0.47.
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