Crown Castle Inc. Sees FY23 EPS $3.54-$3.73 Vs $3.78 Est.; AFFO $7.50-$7.58
Portfolio Pulse from Happy Mohamed
Crown Castle Inc. has updated its FY23 outlook, expecting lower EPS of $3.54-$3.73 against the previous estimate of $3.78. The company also anticipates AFFO of $7.50-$7.58. The revised outlook reflects lower expected tower activity for the rest of the year and higher expected interest expense, partially offset by expected lower expenses, interest income increases, and lower sustaining capital expenditures.
July 19, 2023 | 8:25 pm
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Crown Castle Inc. has revised its FY23 outlook downwards due to lower expected tower activity and higher interest expense. This could potentially impact the company's stock price.
The company's revised outlook indicates a potential decrease in earnings, which is a key factor that investors consider when valuing a company. Lower earnings often lead to a decrease in a company's stock price. Additionally, the higher expected interest expense could impact the company's net income, further affecting the stock price.
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IMPORTANCE 80
RELEVANCE 100