What to Expect From Crown Castle's Next Quarterly Earnings Report
Ahead of the event, analysts expect CCI to report an FFO of $0.94 per share on a diluted basis, down 42% from $1.62 per share in the year-ago quarter. The company has consistently surpassed Wall Street's FFO estimates in its last four quarterly reports.
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For the full year, analysts expect CCI to report FFO of $3.96 per share, down 43.3% from $6.98 per share in fiscal 2024. However, its FFO is expected to rise 16.7% year over year to $4.62 per share in fiscal 2026.
CCI stock has underperformed the S&P 500 Index's ($SPX) 12.6% gains over the past 52 weeks, with shares up 3.4% during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund's (XLRE) 7.9% uptick over the same time frame.
CCI's underperformance can be attributed to a reduction in revenue and operational footprint due to the sale of its fiber business. The company, known for its high dividend yield, has faced financial pressure from interest rates and tenant challenges, and has also cut its quarterly dividend payment by 32%. The consolidation in the wireless industry and high customer concentration are further concerns impacting the company's top-line growth.
On Apr. 30, CCI shares closed up by 2% after reporting its Q1 results. Its adjusted FFO of $1.10 per share surpassed Wall Street expectations of $1.02 per share. The company's revenue was $1.1 billion, beating Wall Street forecasts of $1 billion. CCI expects full-year adjusted FFO in the range of $4.06 to $4.17 per share.
Analysts' consensus opinion on CCI stock is reasonably bullish, with a 'Moderate Buy' rating overall. Out of 19 analysts covering the stock, nine advise a 'Strong Buy' rating, and 10 give a 'Hold.' CCI's average analyst price target is $114.11, indicating a potential upside of 13.4% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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