With a market cap of $26.4 billion, SBA Communications Corporation (SBAC) operates in the wireless communications infrastructure sector. It owns and manages over 39,000 sites, including towers and distributed antenna systems (DAS), primarily leasing antenna space to wireless service providers under long-term contracts. SBAC is expected to release its fiscal Q3 earnings results after the market closes on Monday, Oct. 28.
Ahead of this event, analysts project the wireless tower operator to report an AFFO of $3.17 per share, reflecting a decrease of 5.1% from $3.34 per share in the year-ago quarter. However, the company holds a solid track record of consistently surpassing Wall Street's bottom-line estimates in the last four quarterly reports. In the most recent quarter, SBAC surpassed the consensus AFFO estimate by 5.5%.
