SBA Comms (NASDAQ:SBAC) is preparing to release its quarterly earnings on Monday, 2024-10-28. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect SBA Comms to report an earnings per share (EPS) of $2.27.
SBA Comms bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
During the last quarter, the company reported an EPS missed by $0.56, leading to a 0.06% increase in the share price on the subsequent day.
Here's a look at SBA Comms's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 2.07 | 1.21 | 1.37 | 1.19 |
| EPS Actual | 1.51 | 1.42 | 1.01 | 0.80 |
| Price Change % | 0.0% | -8.0% | -4.0% | 4.0% |
SBA Comms Share Price Analysis
Shares of SBA Comms were trading at $246.07 as of October 24. Over the last 52-week period, shares are up 20.3%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for SBA Comms visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
