SBA Comms Q4 2023 AFFO $3.37 Beats $3.32 Estimate, Sales $675.10M Miss $682.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
SBA Communications (SBAC) reported Q4 2023 earnings of $3.37 per share, surpassing the consensus estimate of $3.32. However, their quarterly sales of $675.10 million fell short of the expected $682.17 million, marking a 1.60% decrease from the previous year.
February 26, 2024 | 9:02 pm
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SBA Communications (SBAC) exceeded Q4 earnings expectations but missed revenue forecasts, with a slight year-over-year sales decline.
While SBAC surpassed earnings estimates, the miss on revenue forecasts and the year-over-year sales decline could temper investor enthusiasm. The mixed results present a neutral outlook, as the earnings beat may offset concerns about the slight revenue shortfall and sales decrease.
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