- Adjusted Funds from Operations (AFFO) per share: $3.29, beating both last year’s figure of $3.24 and the estimate of $3.26.
- AFFO total: $354.3 million, a slight increase of 0.5% year-over-year and higher than the estimated $351.1 million.
- Revenue: $660.5 million, a decrease of 2.7% year-over-year, falling short of the $667.6 million estimate.
- Adjusted EBITDA: $467.1 million, down 1% year-over-year and below the $473.9 million estimate.
- Adjusted EBITDA margin: 71.3%, improving from 70.3% last year and surpassing the estimate of 70.5%.
- Capital expenditure: $50.0 million, a significant drop of 21% year-over-year.
- The company is updating its full-year 2024 outlook for anticipated results.
- Analyst recommendations: 15 buys, 6 holds, and 0 sells.
A look at Sba Communications Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, SBA Communications Corporation is positioned for a positive long-term outlook. With a strong emphasis on Growth and Resilience, scoring 5 out of 5 in both categories, the company shows promising potential for expansion and durability in the wireless communications infrastructure sector. Additionally, its Dividend score of 3 indicates a moderate but stable dividend payout, enhancing its attractiveness to income-seeking investors. Although the company scores lower in Value and Momentum, the focus on growth and resilience bodes well for its future prospects.
SBA Communications Corporation, a key player in the wireless communications infrastructure market in the United States, stands out for its strategic leasing and development services. By leasing antenna space on its multi-tenant towers to various wireless service providers through long-term contracts, the company establishes a reliable revenue stream. With a solid emphasis on growth and resilience according to Smartkarma Smart Scores, SBA Communications is well-positioned to capitalize on the increasing demands for wireless connectivity and infrastructure development.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
