SBA Communications Q4 Earnings Preview

Posted February 21, 2012

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SBA Communications Corporation (NASDAQ:SBAC) was incorporated in the State of Florida in March 1997. It is an independent owner and operator of wireless communications towers in United States, Puerto Rico and the U. S. The company is scheduled to report its fourth quarter earnings on Thursday, February 23, 2012.

Expectations: Analysts are expecting the company to come in with a loss of 21 cents per share, a narrower loss than a year ago, when it reported a loss of 26 cents per share. Over the past month, the consensus estimate has risen from a loss of 22 cents, but it's the same as the estimate from three months ago. Analysts are projecting a loss of $1.06 per share for the fiscal year. The company's revenue is expected to beat the year-earlier total of $165.5 million by 11.5% to finish at $184.5 million for the quarter. The company is projected to report revenue of $698.8 million for the fiscal year.

Performance: The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that period, revenue has grown by an average of 12.2%. The biggest boost came in the fourth quarter of the last fiscal year when revenue increased 14.2% year-over-year. Over the past quarter, the stock price has increased from $38.04 on November 22, 2011 to $46.27. The price sits within 38 cents of its 52-week high of $46.65, set February 16, 2012. SBA Communications' best recent streak was when its price gained $3.43 per share between December 20, 2011 and January 26, 2012.

Ratings: Most analysts (64.7%) rate the stock a buy. In comparison, its nearest 10 competitors only average 45.6% buys. Analysts' buy ratings have increased slightly over the last three months.

Earnings estimates provided by Zacks.

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