Street Expectation From SBA Communications Corporation ($SBAC) 3Q20 Earnings?

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SBA Communications Corporation (NASDAQ:SBAC) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, SBAC to report 3Q20 income of $ 0.46 per share.

For the full year, analysts anticipate top line of $ 2070.53 million, while looking forward to income of $ 0.05 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 2,047.00 million ~ $ 2,087.00 million

Click Here For More Historical Outlooks Of SBA Communications Corporation

Previous Quarter Performance

SBA Communications Corporation revealed income for the second quarter of $ 0.20 per share, from the revenue of $ 507.23 million. The quarterly earnings fell 28.57 percent while revenues gained 3.81 percent compared with the same quarter last year.
According to street consensus, SBAC was expected to report 2Q20 income of $ 0.30 per share from revenue of $ 501.81 million. The bottom line results missed street analysts by $ 0.1 or 33.33 percent, at the same time, top line results outshined analysts by $ 5.42 million or 1.08 percent.

Stock Performance

On Friday, shares of SBA Communications Corporation has traded high as $ 294.85 and has cracked $ 286.49 on the downward trend, reaching $ 290.37 with volume of 466.90 thousand shares.

According to the previous trading day, closing price of $ 290.37, representing a 43.77 % increase from the 52 week low of $ 205.20 and a 10.16 % decrease over the 52 week high of $ 328.37.

The company has a market capital of $ 32.50 billion and is part of the Real Estate sector and REIT – Diversified industry.

Recent Analyst recommendations

  • On 16th September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 350.00 target price.
Conference Call

SBA Communications Corporation will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sbasite.com

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.