Unveiling SBA Communications (SBAC) Q1 Outlook: Wall Street Estimates for Key Metrics

Analysts on Wall Street project that SBA Communications (SBAC) will announce quarterly earnings of $3.12 per share in its forthcoming report, representing a decline of 5.2% year over year. Revenues are projected to reach $657 million, declining 0.1% from the same quarter last year.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some SBA Communications metrics that Wall Street analysts commonly model and monitor.Analysts' assessment points toward 'Revenues- Site Development' reaching $37.21 million. The estimate indicates a change of +25.8% from the prior-year quarter.The consensus estimate for 'Revenues- International Site Leasing' stands at $159.66 million. The estimate points to a change of -4.3% from the year-ago quarter.Analysts predict that the 'Revenues- Domestic Site Leasing' will reach $460.44 million. The estimate points to a change of -0.2% from the year-ago quarter.According to the collective judgment of analysts, 'Revenues- Site Leasing' should come in at $620.10 million. The estimate suggests a change of -1.3% year over year.Analysts expect 'Sites owned - Domestic' to come in at 17,463. Compared to the current estimate, the company reported 17,478 in the same quarter of the previous year.Based on the collective assessment of analysts, 'Sites owned - International' should arrive at 22,379. Compared to the current estimate, the company reported 22,160 in the same quarter of the previous year.The average prediction of analysts places 'Sites built - Total' at 130. Compared to the current estimate, the company reported 76 in the same quarter of the previous year.It is projected by analysts that the 'Sites owned - Total' will reach 39,875. Compared to the current estimate, the company reported 39,638 in the same quarter of the previous year.The collective assessment of analysts points to an estimated 'Sites acquired - Total' of 36. The estimate is in contrast to the year-ago figure of 11.The combined assessment of analysts suggests that 'Segment operating profit- Site Leasing (Domestic + International)' will likely reach $504.10 million. The estimate compares to the year-ago value of $513.46 million.Analysts forecast 'Segment operating profit- Site Development' to reach $8.75 million. Compared to the current estimate, the company reported $6.41 million in the same quarter of the previous year.The consensus among analysts is that 'Depreciation, accretion and amortization' will reach $67.77 million. The estimate is in contrast to the year-ago figure of $76.75 million.View all Key Company Metrics for SBA Communications here>>>Shares of SBA Communications have experienced a change of +8% in the past month compared to the -6.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SBAC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SBA Communications Corporation (SBAC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks