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SBA Communications Corporation (SBAC)
NASDAQ:SBAC
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.14Last Year’s EPS
1.42Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 3.58%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While the company showcased strong domestic performance, strategic acquisitions, and record tower builds planned for 2025, it also faces significant international churn challenges, foreign exchange and interest rate headwinds, and ongoing impacts from Sprint churn.Company Guidance
In the SBA fourth quarter 2024 earnings call, the company provided several key metrics for 2025 and beyond. They anticipate a strong start to 2025 with a projected increase in new leasing business and services, expecting a year-over-year increase in their services segment. SBA's 2025 outlook includes domestic new leases and amendments between $35 million and $39 million, with Sprint-related churn estimated at $50 million to $52 million. Internationally, they foresee steady network investment with new leases and amendments projected to generate $16 million to $18 million in revenue, despite an expected churn of $27 million to $31 million due to ongoing consolidation activities. The company also highlighted their strategic acquisition of approximately 7,000 towers from Millicom in Central America, positioning them as the leading tower operator in the region. This transaction is expected to close around September 1, 2025, contributing approximately $42 million to cash site leasing revenue. Additionally, SBA ended 2024 with their net debt to adjusted EBITDA at 6.1 times, maintaining a strong balance sheet and liquidity position, which supports ongoing investments and shareholder returns through dividends and potential share repurchases.Strong Domestic Performance
Domestic new carrier activity or bookings continued to increase sequentially from the third quarter. The US-based services business had its best quarter of the year, and leasing application backlogs grew throughout the quarter, finishing at the highest level of the year.
Strategic Millicom Acquisition
Entered into an agreement to purchase approximately 7,000 towers from Millicom in Central America. This transaction positions SBA as the leading tower operator in the region with over 10,500 pro forma sites.
Financial Health and Capital Allocation
Invested over $550 million in asset acquisitions, stock repurchases, and new tower builds while growing the dividend at an industry-leading 15%. Improved balance sheet and liquidity position with a net debt to adjusted EBITDA ratio of 6.1, the lowest in company history.
Record Tower Builds Planned for 2025
Expecting to build up to 800 new towers in 2025, the largest number for SBA in over 20 years, with the majority in Central America.
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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
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SBAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $211.75 | $218.05 | +2.98% |
| Oct 28, 2024 | $237.64 | $229.53 | -3.41% |
| Jul 29, 2024 | $214.77 | $214.88 | +0.05% |
| Apr 29, 2024 | $198.08 | $182.60 | -7.82% |
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 SBA Communications Corporation (SBAC) report earnings?
SBA Communications Corporation (SBAC) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is SBA Communications Corporation (SBAC) earnings time?
SBA Communications Corporation (SBAC) earnings time is at Apr 28, 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 2025 (Q1) is 2.14.
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