Unveiling SBA Communications (SBAC) Q3 Outlook: Wall Street Estimates for Key Metrics

Analysts on Wall Street project that SBA Communications (SBAC) will announce quarterly earnings of $3.32 per share in its forthcoming report, representing a decline of 0.6% year over year. Revenues are projected to reach $668.95 million, declining 2% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Bearing this in mind, let's now explore the average estimates of specific SBA Communications metrics that are commonly monitored and projected by Wall Street analysts.The combined assessment of analysts suggests that 'Revenues- Site Development' will likely reach $37.78 million. The estimate suggests a change of -16.2% year over year.Analysts predict that the 'Revenues- International Site Leasing' will reach $166.70 million. The estimate indicates a change of -1.4% from the prior-year quarter.It is projected by analysts that the 'Revenues- Domestic Site Leasing' will reach $462.12 million. The estimate indicates a year-over-year change of -1.3%.The collective assessment of analysts points to an estimated 'Revenues- Site Leasing' of $628.82 million. The estimate indicates a change of -1.4% from the prior-year quarter.The consensus among analysts is that 'Sites owned - International' will reach 22,411. Compared to the present estimate, the company reported 22,077 in the same quarter last year.Analysts forecast 'Sites owned - Domestic' to reach 17,506. The estimate is in contrast to the year-ago figure of 17,469.The average prediction of analysts places 'Sites owned - Total' at 39,947. The estimate compares to the year-ago value of 39,546.The consensus estimate for 'Sites built - Total' stands at 128. Compared to the present estimate, the company reported 86 in the same quarter last year.Analysts' assessment points toward 'Segment operating profit- Site Leasing (Domestic + International)' reaching $515.51 million. The estimate is in contrast to the year-ago figure of $519.16 million.According to the collective judgment of analysts, 'Segment operating profit- Site Development' should come in at $10.32 million. Compared to the present estimate, the company reported $13.61 million in the same quarter last year.Based on the collective assessment of analysts, 'Depreciation, accretion and amortization' should arrive at $63.83 million. The estimate is in contrast to the year-ago figure of $180.67 million.View all Key Company Metrics for SBA Communications here>>>Shares of SBA Communications have demonstrated returns of -0.2% over the past month compared to the Zacks S&P 500 composite's +2.7% change. 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 >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks