With a market cap of $41.4 billion, Crown Castle Inc. (CCI) is a leading provider of shared communications infrastructure based in Houston, Texas. The wireless tower operator is expected to announce its fiscal Q2 earnings results on Wednesday, July 17.
Ahead of the event, analysts expect CCI to report a profit of $1.56 per share, down 23.9% from $2.05 per share in the year-ago quarter. The company has consistently surpassed Wall Street's bottom-line estimates in the last four quarterly reports. Robust site rental revenue, driven by increased demand for wireless infrastructure, helped the company exceed the consensus EPS estimate by 5.5% in the most recent quarter.
