SBA Comms Earnings Preview
Portfolio Pulse from Benzinga Insights
SBA Communications (NASDAQ:SBAC) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts expecting an EPS of $1.37. The focus will be on whether SBAC beats this estimate and provides positive guidance for the next quarter. Historical data shows mixed reactions to past earnings, with the stock price fluctuating based on performance and guidance. Shares have declined 18.1% over the last year, indicating potential investor concern ahead of the earnings announcement.
February 23, 2024 | 3:01 pm
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SBA Communications is expected to report an EPS of $1.37 for the upcoming quarter. Historical performance and guidance will be key factors influencing investor sentiment and stock price movement.
Given SBAC's mixed historical earnings performance and the significant stock price decline over the past year, the upcoming earnings report and guidance could have a neutral to slightly positive impact on the stock price in the short term, depending on whether they meet or exceed analyst expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100