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SBA Communications (SBAC) Down 2.2% Since Last Earnings Report: Can It Rebound?
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It has been about a month since the last earnings report for SBA Communications (SBAC - Free Report) . Shares have lost about 2.2% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is SBA Communications due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
Estimates revision followed an upward path over the past two months.
VGM Scores
Currently, SBA Communications has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
SBA Communications has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
SBA Communications belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, Highwoods Properties (HIW - Free Report) , has gained 1.3% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Highwoods Properties reported revenues of $205.53 million in the last reported quarter, representing a year-over-year change of -0.6%. EPS of -$0.03 for the same period compares with $0.99 a year ago.
Highwoods Properties is expected to post earnings of $0.82 per share for the current quarter, representing a year-over-year change of -7.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Highwoods Properties. Also, the stock has a VGM Score of D.
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SBA Communications (SBAC) Down 2.2% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for SBA Communications (SBAC - Free Report) . Shares have lost about 2.2% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is SBA Communications due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
Estimates revision followed an upward path over the past two months.
VGM Scores
Currently, SBA Communications has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
SBA Communications has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
SBA Communications belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, Highwoods Properties (HIW - Free Report) , has gained 1.3% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Highwoods Properties reported revenues of $205.53 million in the last reported quarter, representing a year-over-year change of -0.6%. EPS of -$0.03 for the same period compares with $0.99 a year ago.
Highwoods Properties is expected to post earnings of $0.82 per share for the current quarter, representing a year-over-year change of -7.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Highwoods Properties. Also, the stock has a VGM Score of D.