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Crown Castle International Corp. (CCI - Free Report) is a real estate investment trust and a leading wireless tower operator. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate.
Notably, Crown Castle’s extensive tower portfolio, increased demand for infrastructure, healthy leasing activity, continual buyout of towers and growing demand for mobile broadband act as major positives. The deployment of 5G network should drive growth of its tower and small cell assets as the wireless carriers look to expand and enhance their networks.
On the flip side, the ongoing consolidation trend among telecom and cable TV operators may generate significant financial uncertainty for the company. To add to that, intensifying competition, high customer concentration, mounting operating expenses and a highly leveraged balance sheet remain headwinds.
Crown Castle currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Crown Castle has generated a positive average earnings surprise of 3.10% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Crown Castle reported second-quarter 2017 AFFO per share of $1.20. This figure is higher than the Zacks Consensus Estimate of $1.15. Investors should note that these figures take out stock option expenses.
Revenue: Quarterly total revenue of $1,038.3 million also surpassed the Zacks Consensus Estimate of $1,036 million.
Key Stats to Note: Site Rental revenues have increased 8% year-over-year in the second quarter of 2017.
Crown Castle International Corporation Price and EPS Surprise
Check back later for our full write up on this Crown Castle earnings report later!
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Crown Castle (CCI) Tops Q2 Earnings and Revenues
Crown Castle International Corp. (CCI - Free Report) is a real estate investment trust and a leading wireless tower operator. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate.
Notably, Crown Castle’s extensive tower portfolio, increased demand for infrastructure, healthy leasing activity, continual buyout of towers and growing demand for mobile broadband act as major positives. The deployment of 5G network should drive growth of its tower and small cell assets as the wireless carriers look to expand and enhance their networks.
On the flip side, the ongoing consolidation trend among telecom and cable TV operators may generate significant financial uncertainty for the company. To add to that, intensifying competition, high customer concentration, mounting operating expenses and a highly leveraged balance sheet remain headwinds.
Crown Castle currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Crown Castle has generated a positive average earnings surprise of 3.10% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Crown Castle reported second-quarter 2017 AFFO per share of $1.20. This figure is higher than the Zacks Consensus Estimate of $1.15. Investors should note that these figures take out stock option expenses.
Revenue: Quarterly total revenue of $1,038.3 million also surpassed the Zacks Consensus Estimate of $1,036 million.
Key Stats to Note: Site Rental revenues have increased 8% year-over-year in the second quarter of 2017.
Crown Castle International Corporation Price and EPS Surprise
Crown Castle International Corporation Price and EPS Surprise | Crown Castle International Corporation Quote
Check back later for our full write up on this Crown Castle earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>