SBA Communications Earnings Preview: Can This Streak Finally End?

SBA Communications (NASDAQ:SBAC) will report earnings after markets close on Monday, April 29th. SBA Communications Corporation owns and operates wireless communications infrastructure in the United States. The Company offers both site leasing and site development services. SBA leases antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company also offers site development consulting and construction.

Here is your Cheat Sheet to Sba Communications Earnings:

Earnings Expectations: Analysts expect earnings of $-0.21 per share on revenues of $301.77 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.15 to a loss $0.29. For the current year, the average estimate is a loss of $0.82, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Sba Communications has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 474.95 555.51 626.62 698.17 954.08
Diluted EPS ($) -0.61 -1.20 -1.68 -1.14 -1.51

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 183.82 192.49 229.15 238.61 293.84
Diluted EPS ($) -0.27 -0.20 -0.44 -0.43 -0.44

Past Performance:
Sba Communications has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]