SBAC Stock - SBA Communications Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.68B | $2.71B | $2.63B | $2.31B | $2.08B |
| Gross Profit | $2.07B | $2.08B | $1.94B | $1.74B | $1.59B |
| Gross Margin | 77.3% | 76.6% | 73.6% | 75.2% | 76.3% |
| Operating Income | $1.44B | $923.66M | $925.41M | $782.50M | $633.69M |
| Net Income | $749.54M | $501.81M | $461.43M | $237.62M | $24.10M |
| Net Margin | 28.0% | 18.5% | 17.5% | 10.3% | 1.2% |
| EPS | $6.96 | $4.64 | $4.27 | $2.17 | $0.22 |
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 27th 2025 | BofA Securities | Downgrade | Neutral | $230 |
| July 17th 2025 | Scotiabank | Initiation | Sector Perform | $252 |
| May 20th 2025 | Deutsche Bank | Downgrade | Hold | $247 |
| May 19th 2025 | BofA Securities | Resumed | Buy | $260 |
| April 1st 2025 | Morgan Stanley | Resumed | Equal Weight | $240 |
| January 27th 2025 | JMP Securities | Initiation | Mkt Outperform | $250 |
| December 18th 2024 | BMO Capital Markets | Downgrade | Market Perform | $230← $260 |
| July 15th 2024 | Wells Fargo | Downgrade | Equal Weight | $220← $230 |
| March 7th 2024 | BofA Securities | Upgrade | Buy | $260 |
| December 15th 2023 | BMO Capital Markets | Upgrade | Outperform | $285← $245 |
| August 10th 2023 | BofA Securities | Downgrade | Neutral | $245 |
| July 13th 2023 | BMO Capital Markets | Initiation | Market Perform | $260 |
| March 30th 2023 | MoffettNathanson | Upgrade | Outperform | $312← $330 |
| January 25th 2023 | Wolfe Research | Upgrade | Peer Perform | - |
| April 11th 2022 | MoffettNathanson | Downgrade | Neutral | $380← $393 |
Earnings History & Surprises
SBACEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 23, 2026 | $3.27 | — | — | — |
Q4 2025 | Nov 3, 2025 | $3.04 | $3.32 | +9.2% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $3.12 | $2.09 | -33.0% | ✗ MISS |
Q2 2025 | Apr 28, 2025 | $3.12 | $1.77 | -43.3% | ✗ MISS |
Q1 2025 | Feb 24, 2025 | $2.08 | $1.61 | -22.6% | ✗ MISS |
Q4 2024 | Oct 28, 2024 | $2.27 | $2.40 | +5.7% | ✓ BEAT |
Q3 2024 | Jul 29, 2024 | $2.07 | $1.51 | -27.1% | ✗ MISS |
Q2 2024 | Apr 29, 2024 | $1.21 | $1.42 | +17.4% | ✓ BEAT |
Q1 2024 | Feb 26, 2024 | $1.37 | $1.01 | -26.3% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $1.19 | $0.80 | -32.8% | ✗ MISS |
Q3 2023 | Jul 31, 2023 | $1.22 | $1.87 | +53.3% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $1.21 | $0.93 | -23.1% | ✗ MISS |
Q1 2023 | Feb 21, 2023 | $1.09 | $0.94 | -13.8% | ✗ MISS |
Q4 2022 | Oct 31, 2022 | $0.94 | $0.91 | -3.2% | ✗ MISS |
Q3 2022 | Aug 1, 2022 | $0.90 | $0.64 | -28.9% | ✗ MISS |
Q2 2022 | Apr 25, 2022 | $1.00 | $1.72 | +72.0% | ✓ BEAT |
Q1 2022 | Feb 28, 2022 | $0.69 | $0.44 | -36.2% | ✗ MISS |
Q4 2021 | Nov 1, 2021 | $0.83 | $0.43 | -48.2% | ✗ MISS |
Q3 2021 | Aug 2, 2021 | $0.68 | $1.37 | +101.5% | ✓ BEAT |
Latest News
Wells Fargo Maintains Equal-Weight on SBA Communications, Lowers Price Target to $205
➖ NeutralBarclays Maintains Overweight on SBA Communications, Lowers Price Target to $212
➖ NeutralBarclays Maintains Overweight on SBA Communications, Lowers Price Target to $219
➖ NeutralRBC Capital Maintains Outperform on SBA Communications, Lowers Price Target to $232
➖ NeutralTD Cowen Maintains Buy on SBA Communications, Lowers Price Target to $237
📈 PositiveBMO Capital Maintains Market Perform on SBA Communications, Lowers Price Target to $210
➖ NeutralSBA Communications Raises FY2025 Sales Guidance from $2.780B-$2.825B to $2.808B-$2.828B vs $2.807B Est
📈 PositiveSBA Comms Q3 EPS $2.20 Beats $2.17 Estimate, Sales $732.327M Beat $716.159M Estimate
📈 PositiveWells Fargo Maintains Equal-Weight on SBA Communications, Lowers Price Target to $215
📉 NegativeMorgan Stanley Maintains Equal-Weight on SBA Communications, Lowers Price Target to $220
➖ NeutralCitigroup Maintains Buy on SBA Communications, Lowers Price Target to $235
➖ NeutralUBS Maintains Buy on SBA Communications, Lowers Price Target to $275
➖ NeutralRBC Capital Maintains Outperform on SBA Communications, Lowers Price Target to $235
➖ NeutralGoldman Sachs Maintains Neutral on SBA Communications, Lowers Price Target to $220
➖ NeutralKeybanc Maintains Overweight on SBA Communications, Lowers Price Target to $235
➖ NeutralBarclays Maintains Overweight on SBA Communications, Lowers Price Target to $226
➖ NeutralSBA Communications shares are trading lower after BofA Securities downgraded the stock from Buy to Neutral and lowered its price target from $260 to $230.
📉 NegativeB of A Securities Downgrades SBA Communications to Neutral, Lowers Price Target to $230
📉 NegativeFrequently Asked Questions about SBAC
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