Shares of SBA Communications SBAC decreased in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased 59.32% over the past year to $0.94, which beat the estimate of $0.52.
Revenue of $535,905,000 up by 4.33% year over year, which beat the estimate of $528,960,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
The upcoming fiscal year's revenue expected to be between $2,172,000,000 and $2,212,000,000.
Details Of The Call
Date: Feb 22, 2021
Time: 05:00 PM
Recent Stock Performance
Company's 52-week high was at $328.37
Company's 52-week low was at $205.20
Price action over last quarter: down 11.17%
Company Overview
SBA Communications owns and operates over 30,000 cell towers throughout North America and South America. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 16,000 towers in the U.S., which accounted for three fourths of the company's total revenue in 2019. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust, or REIT.
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