Home Markets Earnings Estimate Forecast on SBA Communications Corporation(SBAC)

Earnings Estimate Forecast on SBA Communications Corporation(SBAC)

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SBA Communications Corporation(SBAC): For the most recent quarter end, SBA Communications Corporation reported Annual Earnings of $-0.12. Based on the filings, last years Annual Earnings was, $-1.37. For the most recent quarter end, SBAC reported a surprise Earnings per Share of -220% . The consensus estimate for current quarter is $0.11 and for the current fiscal year, the estimate is $0.7. For the Next fiscal year, the estimate is $1.34 based on the consensus.

SBA Communications Corporation has received $0.11 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 8 Financial Advisor in the Stock Trading Firms. Among 8 Analysts, Bottom line EPS Estimate for the current quarter is $-0.01 while the top line estimate is $0.3 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -53.65%. SBA Communications Corporation results fell short with a surprise EPS of -220% or $-0.22. The Actual EPS was $-0.12 compared to the Estimated EPS of $0.1 during its most recent quarterly earnings.

SBA Communications Corporation Last issued its quarterly earnings results on Nov 1, 2016. The company reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $1.40. The company had revenue of $411.32 million for the quarter, compared to analysts expectations of $412.73 million. The companys revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

Company has reported several Insider transactions to the SEC, on Sep 19, 2016, Duncan Cocroft (director) purchased 500 shares at 109.14 per share price.On Aug 11, 2016, Jason V Silberstein (EVP – Site Leasing) sold 22,192 shares at 115.68 per share price.On Aug 11, 2016, Jeffrey Stoops (Chief Executive Officer & Pres) sold 100,000 shares at 116.40 per share price.

SBA Communications Corporation (NASDAQ:SBAC) rose 0.86% or 0.95 points on Wednesday and made its way into the gainers of the day. After trading began at $111 the stock was seen hitting $112.08 as a peak level and $110.8 as the lowest level. The stock ended up at $111.66. The daily volume was measured at 772,098 shares. The 52-week high of the share price is $118.57 and the 52-week low is $89.11. The company has a market cap of $13,854 million.

SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses — site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE)

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