SBA Communications (SBAC) Misses Q4 EPS by 36c; offers outlook

SBA Communications (NASDAQ: SBAC) reported Q4 EPS of $1.01, $0.36 worse than the analyst estimate of $1.37. Revenue for the quarter came in at $675.1 million versus the consensus estimate of $682.11 million.

GUIDANCE:

SBA Communications sees FY2024 revenue of $2.669-2.709 billion, versus the consensus of $2.743 billion.

The Company may spend additional capital in 2024 on acquiring revenue producing assets not yet identified or under contract, the impact of which is not reflected in the 2024 guidance. The Outlook also assumes the refinancing of the $620.0 million 2014-2C Tower Securities (which have an anticipated repayment date of October 8, 2024) on July 1, 2024, at a fixed rate of 6.000%.

For earnings history and earnings-related data on SBA Communications (SBAC) click here.

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