Crown Castle Inc reports results for the quarter ended March 31 - Earnings Summary

• Crown Castle Inc CCI.N reported a quarterly adjusted loss of $1.07​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of fifteen analysts for the quarter was for a loss of 32 cents per share. Wall Street expected results to range from $-1.34 to 51 cents per share.

• Revenue fell 35.3% to $1.06 billion from a year ago; analysts expected $1.04 billion.

• Crown Castle Inc's reported EPS for the quarter was a loss of $1.06​.

• Crown Castle Inc shares had risen by 1.5% this quarter and gained 16.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 149.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"

• Wall Street's median 12-month price target for Crown Castle Inc is $110.00

This summary was machine generated from LSEG data May 1 at 11:31 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)