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Sohini Mondal

SBA Communications Earnings Preview: What to Expect

SBA Communications SBAC

Florida-based SBA Communications Corporation (SBAC), with a market cap of $23 billion, is a leading independent owner and operator of wireless communications infrastructure. The company is expected to announce its fiscal Q2 earnings results after the market closes on Monday, Jul. 29.

Ahead of this event, analysts expect the wireless tower operator to report adjusted funds from operations (AFFO) of $3.12 per share, down 3.7% from the previous year's $3.24 per share. However, the company has surpassed Wall Street's bottom-line estimates in the last four quarters. In the most recent quarter, the company reported an AFFO of $3.29 per share, surpassing the consensus estimate by 5.5% due to higher-than-expected tower cash flow and successful cost management initiatives, including strategic site acquisitions and new site constructions.

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