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Crown Castle (CCI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Crown Castle (CCI - Free Report) reported $1.76 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 6.7%. EPS of $1.85 for the same period compares to $0.81 a year ago.
The reported revenue represents a surprise of +0.88% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $1.83, the EPS surprise was +1.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Crown Castle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Crown Castle here>>>
Shares of Crown Castle have returned +6.1% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.