SBA Communications Earnings: Everything You Must Know Now

SBA Communications Corp. (NASDAQ:SBAC) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

SBA Communications Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.41 in the quarter versus EPS of $-0.27 in the year-earlier quarter.

Revenue: Rose 59.83% to $293.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: SBA Communications Corp. reported adjusted EPS loss of $0.41 per share. By that measure, the company missed the mean analyst estimate of $-0.14. It beat the average revenue estimate of $288.74 million.

Quoting Management: “The fourth quarter was a very strong finish to a remarkable year for SBA”, commented Jeff Stoops, President and CEO. “We produced exceptional year over year growth in all key metrics, including Adjusted EBITDA and AFFO per share. Domestic customer activity in the fourth quarter was the highest of the year, and that level of activity has continued into 2013. We finished the highest portfolio growth year in our Company’s history by entering Brazil with an 800-tower acquisition. We increased the size of our tower portfolio by over 60% in 2012, adding quality towers and entering a new market that we believe will fuel growth for years to come. We accomplished all this portfolio growth while staying within our target leverage levels. Our strong fourth quarter results allow us to increase the mid-points on certain key metrics within our full-year 2013 Outlook. We expect to produce material growth in all key metrics again in 2013, including Adjusted EBITDA and AFFO per share.”

Key Stats (on next page)…