Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
SBA Communications Corporation (SBAC)
NASDAQ:SBAC
Holding SBAC?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.09Last Year’s EPS
1.01Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -16.39%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a largely positive sentiment with multiple strategic moves and financial growth. SBA demonstrated strong operational performance and strategic acquisitions, despite facing some challenges in international markets and deciding to exit the Philippines market.Company Guidance
During SBA Communications' third-quarter 2024 earnings call, guidance for the year was revised upwards, with expectations for increased full-year outlook across all key financial metrics, including site leasing revenue, tower cash flow, adjusted EBITDA, AFFO, and FFO per share. The call highlighted operational improvements, with domestic new business executions rising from prior quarters, and a noticeable shift in new business towards new lease locations over amendments. Internationally, despite challenges such as customer consolidations, SBA remains optimistic about growth prospects, driven by ongoing 5G upgrades and wireless broadband consumption. Additionally, SBA announced a significant acquisition of over 7,000 sites from Millicom International Cellular for approximately $975 million, expected to generate around $129 million in site leasing revenue and $89 million in tower cash flow in the first year post-closing. This strategic acquisition is set to enhance SBA’s scale in Central America, reinforcing its position as the largest tower company in the region.Increased Full-Year 2024 Outlook
SBA Communications increased its full-year 2024 outlook across all key financial metrics, driven by stronger than expected foreign exchange rates and domestic carrier activity.
Millicom Acquisition
SBA signed a purchase agreement with Millicom International Cellular for over 7,000 sites in Central America for $975 million, making SBA the largest tower company in the region.
Strong Services Business Performance
The services business saw revenue increase by over 23% from Q2, with gross profit up over 33%, leading to an increased full-year outlook for services revenue.
Successful Capital Markets Transactions
SBA completed three positive capital markets transactions demonstrating access to attractively priced capital, with leverage near historical lows and a fully undrawn $2 billion revolver.
Dividend Increase
SBA announced a fourth-quarter dividend of $0.98 per share, representing an increase of approximately 15% over the dividend paid in Q4 2023.
---
SBAC 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
---
SBAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $238.86 | $230.71 | -3.41% |
| Jul 29, 2024 | $215.87 | $215.99 | +0.06% |
| Apr 29, 2024 | $199.10 | $183.55 | -7.81% |
| Feb 26, 2024 | $204.00 | $196.31 | -3.77% |
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.
---
FAQ
When does SBA Communications Corporation (SBAC) report earnings?
SBA Communications Corporation (SBAC) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is SBA Communications Corporation (SBAC) earnings time?
SBA Communications Corporation (SBAC) earnings time is at Feb 20, 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 SBAC EPS forecast?
SBAC EPS forecast for the fiscal quarter 2024 (Q4) is 2.09.
---