SBA Comms Q2 EPS $1.87 Misses $3.14 Estimate, Sales $678.50M Beat $675.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
SBA Comms (NASDAQ:SBAC) reported Q2 earnings of $1.87 per share, missing the analyst consensus estimate of $3.14 by 40.45%. However, this is a 192.19% increase over earnings of $0.64 per share from the same period last year. The company also reported quarterly sales of $678.50 million, beating the analyst consensus estimate of $675.80 million by 0.40%. This is a 4.06% increase over sales of $652.01 million the same period last year.
July 31, 2023 | 8:15 pm
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NEUTRAL IMPACT
SBA Comms' Q2 earnings per share missed estimates by 40.45%, but showed a 192.19% YoY increase. Sales beat estimates and showed a 4.06% YoY increase.
While SBA Comms missed earnings estimates, the YoY growth in both earnings and sales could be seen as a positive sign by investors. The mixed results make the short term impact on the stock price uncertain.
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