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.
