SBA Communications Corporation (SBAC), headquartered in Boca Raton, Florida, owns and operates wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. Valued at $23.7 billion by market cap, the company offers site leasing and development, construction, and consulting services. SBAC leases antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The company is expected to announce its fiscal first-quarter earnings for 2026 in the near term.
Ahead of the event, analysts expect SBAC to report a profit of $2.69 per share on a diluted basis, down 14.9% from $3.16 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
For the full year, analysts expect SBAC to report EPS of $11.51, down 10.4% from $12.84 in fiscal 2025. Its EPS is expected to decline marginally year over year to $11.43 in fiscal 2027.
SBAC stock has underperformed the S&P 500 Index’s ($SPX) 29.4% gains over the past 52 weeks, with shares up 5.4% during this period. Similarly, it underperformed the State Street Real Estate Select Sector SPDR ETF’s (XLRE) 11.6% uptick over the same time frame.
On Feb. 26, SBAC shares closed down by 2.5% after reporting its Q4 results. Its FFO of $3.19 per share missed Wall Street expectations of $3.25 per share. The company’s revenue was $719.6 million, missing Wall Street forecasts of $724.9 million. SBAC expects full-year FFO in the range of $11.84 to $12.29 per share, and revenue in the range of $2.8 billion to $2.9 billion.
Analysts’ consensus opinion on SBAC stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 22 analysts covering the stock, eight advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and 13 give a “Hold.” While SBAC currently trades above its mean price target of $223.70, the Street-high price target of $280 suggests an upside potential of 25.1%.
