These Analysts Raise Their Forecasts On Crown Castle After Q2 Results
Portfolio Pulse from Avi Kapoor
Crown Castle Inc. (NYSE:CCI) reported weak Q2 results, missing both earnings and sales estimates. Despite this, analysts raised their price targets, and the stock gained 1.7%.
July 18, 2024 | 1:01 pm
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Crown Castle reported Q2 earnings of $1.62 per share, missing estimates of $1.66, and sales of $1.58 billion, missing estimates of $1.62 billion. Despite the weak results, analysts raised their price targets, and the stock gained 1.7%.
Although Crown Castle missed earnings and sales estimates, the stock price increased by 1.7% as analysts raised their price targets. This suggests that the market is optimistic about the company's future performance despite the weak quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100