SBA Communications SBAC will be releasing its next round of earnings this Monday, August 02. For all of the relevant information, here is your guide for Monday's Q2 earnings announcement.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts covering SBA Communications modeled for quarterly EPS of $0.68 on revenue of $558.05 million. In the same quarter last year, SBA Communications posted EPS of $0.2 on sales of $507.23 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 240.0% increase in the company's EPS figure. Revenue would be up 10.02% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.52 | 0.46 | 0.3 |
| EPS Actual | -0.11 | 0.94 | 0.20 | 0.2 |
| Revenue Estimate | 539.32 M | 528.96 M | 516.04 M | 501.81 M |
| Revenue Actual | 548.74 M | 535.90 M | 522.94 M | 507.23 M |
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Stock Performance
Shares of SBA Communications were trading at $338.44 as of July 29. Over the last 52-week period, shares are up 11.86%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. SBA Communications is scheduled to hold the call at 17:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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