SBA Communications Q4 revenue slightly misses estimates

Overview

• Wireless infrastructure firm's Q4 revenue slightly missed analyst expectations

• Company repurchased 1.1 mln shares in Q4 and after the quarter end, enhancing shareholder value

Outlook

• SBA Communications projects 2026 total revenue between $2.815 bln and $2.860 bln

• Company expects site leasing revenue of $2.625 bln to $2.650 bln in 2026

Result Drivers

• CARRIER INVESTMENTS - Co attributed growth to carrier customers investing in network expansion and 5G advancements

• SHARE REPURCHASES - Co repurchased 1.1 mln shares in Q4, enhancing shareholder value

Company press release: ID:nBw9QPxt5a

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy"

• Wall Street's median 12-month price target for SBA Communications Corp is $229.00, about 16.1% above its February 25 closing price of $197.17

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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