CCI Earnings Prediction
The chart below shows how CCI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CCI sees a +2.09% change in stock price 10 days leading up to the earnings, and a -0.98% change 10 days following the report. On the earnings day itself, the stock moves by -0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
CCI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.65B
-1.49%
-0.18%
Gross Margin
45.36%
-2.89%
-1.39%
Operating Margin
35.29%
-2.19%
-3.95%
Net Margin
-289.14%
-1433.67%
-1676.55%
EPS
-10.99
-1408.33%
-1692.75%
No Data Available
CCI Earnings Analysis
Crown Castle Inc Corporation (CCI.N) Earnings Conference Call
Positive
Fiber Segment Sale: Crown Castle successfully signed a definitive agreement to sell its Fiber segment to EQT and Zayo, concluding its strategic review and positioning the company for enhanced focus on its tower business.
Cash Proceeds Utilization: The sale is expected to generate substantial cash proceeds, which will be used to repay debt, strengthen the balance sheet, and return capital to shareholders through dividends and share repurchases.
Cost Reduction Achievements: Crown Castle achieved significant cost reductions, including $100 million in annualized operating costs and a reduction of nearly $200 million in net CapEx compared to the revised 2024 forecast.
Segment Organic Growth: The company reported strong organic growth across its segments, with towers growing 4.5%, small cells 12%, and fiber solutions 2%, highlighting the effectiveness of its operational strategies.
Record Node Production: Crown Castle added over 12,500 revenue-generating nodes in small cells during 2024, marking the highest level of incremental annual node production in the company's history.
Customer Service Enhancement: The company is focused on enhancing customer service and operational excellence, aiming to improve speed and ease of service for wireless carriers.
Dividend Target Strategy: Crown Castle plans to target a dividend rate of approximately 75% to 80% of AFFO, with an anticipated annual dividend of about $4.25 per share post-transaction, reflecting a commitment to returning capital to shareholders.
Organic Growth Rate Outlook: The company expects to maintain a solid organic growth rate of 4.5% in towers for 2025, driven by ongoing demand from wireless carriers for network fortification and 5G overlays.
Negative
Earnings Miss Report: Crown Castle Inc. missed earnings expectations with a reported EPS of $1.8, falling short of the expected $1.82.
Goodwill Impairment Charge: The company recorded a significant goodwill impairment charge of about $5 billion for the full year 2024, indicating a decline in the value of its Fiber Reporting unit.
Advisory Fees Impact: Crown Castle incurred $10 million in higher than expected advisory fees in Q4, impacting adjusted EBITDA and AFFO, with total advisory fees for the year reaching $40 million.
Churn Impact on Revenue: The anticipated churn from Sprint consolidation is expected to hit approximately $205 million in towers, negatively affecting revenue.
Dividend Reduction Announcement: The company plans to reduce its annual dividend to approximately $4.25 per share starting in Q2 2025, indicating a decrease in shareholder returns.
2025 Financial Outlook Concerns: The outlook for 2025 excludes contributions from the Fiber segment, which may lead to a less favorable financial performance compared to previous years.
CCI FAQs
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CCI Earning Call Sentiment
Crown Castle Inc. (NYSE:CCI) Q4 2024 Earnings Call Transcript
CCI.N
-0.76%Positive
The earnings call presents a mixed picture: while there are positive elements like the share repurchase program and debt repayment plans, there are also negatives such as the EPS miss and goodwill impairment charge. The Q&A session reveals management's cautious stance on growth and lack of specific guidance, contributing to a neutral sentiment. The anticipated dividend cut and cautious AFFO growth outlook further temper enthusiasm, leading to a neutral stock price prediction.
