SBAC Earnings Prediction
The chart below shows how SBAC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SBAC sees a -1.04% change in stock price 10 days leading up to the earnings, and a +0.01% change 10 days following the report. On the earnings day itself, the stock moves by +0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
SBAC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
693.70M
2.77%
3.91%
Gross Margin
68.69%
29.04%
1.06%
Operating Margin
58.95%
36.36%
-0.03%
Net Margin
25.77%
58.78%
-32.77%
EPS
1.61
59.41%
-32.92%
No Data Available
SBAC Earnings Analysis
SBA Communications Corp Corporation (SBAC.O) Earnings Conference Call
Positive
Strong Q4 Performance: The fourth quarter was a solid finish to the year, with results in-line to slightly ahead of estimates despite foreign exchange challenges.
Strong Domestic Demand Growth: Domestic new carrier activity or bookings continued to increase sequentially from the third quarter, indicating strong demand.
New Business Growth Opportunities: A higher percentage of new business is coming from new lease colocations rather than amendments to existing leases, showing growth in new opportunities.
5G Network Expansion Investment: Carrier customers are expanding their 5G mid-band coverage and adding capacity for fixed wireless access, reflecting ongoing investment in network infrastructure.
Leasing Application Backlogs Increase: Leasing application backlogs grew throughout the quarter, finishing at the highest level of the year, indicating strong future demand.
Quarterly Operational Success: The US-based services business had its best quarter of the year, showcasing operational success.
Strong Start to Leasing: The beginning of 2025 is off to a strong start, suggesting another quarter-over-quarter increase in new leasing business.
Positive Services Growth Outlook: The 2025 services outlook anticipates a year-over-year increase, indicating positive growth expectations.
Fourth Quarter Performance: Internationally, fourth quarter results were in-line with expectations, with continued investment in networks by customers.
5G Coverage Investment Potential: Mobile network operators in international markets are expected to invest to close the gap in 5G coverage compared to the US, indicating growth potential.
Negative
Earnings Miss Report: SBA Communications Corporation misses on earnings expectations, reporting an EPS of $1.61 compared to the expected $2.08.
Foreign Exchange Impact: Despite a solid finish to the year, the company faced worse-than-assumed foreign exchange rates impacting results.
Leasing Application Backlogs: Leasing application backlogs grew throughout the quarter, finishing at the highest level of the year, indicating potential operational inefficiencies.
New Business Shift Analysis: The shift in new business towards lease colocations rather than amendments to existing leases may suggest a lack of growth in existing customer relationships.
5G Coverage Disparity: International markets are lagging behind the US in 5G coverage, which may indicate slower growth opportunities compared to domestic markets.
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SBAC Earning Call Sentiment
SBA Communications Corporation (NASDAQ:SBAC) Q4 2024 Earnings Call Transcript
SBAC.O
-1.68%Positive
The earnings call presents a mixed sentiment. While there are positives like increased new carrier activity, a strong US services business, and a share repurchase program, these are offset by concerns such as the EPS miss, foreign exchange rate impacts, and operational challenges with leasing backlogs. The Q&A highlights potential growth but also reveals management's reluctance to provide specific future guidance. The strategic acquisition and dividend increase are positives, but the negative EPS surprise and regulatory risks balance the sentiment, leading to a neutral outlook for the stock price.
