Crown Castle set to reveal Q4 results with expected decrease in revenues

From Nasdaq: 2025-03-10 13:22:00

Crown Castle Inc. (CCI) is set to reveal its Q4 and full-year 2024 results on March 12. Analysts and investors are eager to assess the company’s performance amidst the current economic climate. In the last quarter, CCI’s adjusted funds from operations per share beat estimates, driven by site rental revenue growth and reduced operating expenses.

The company’s AFFO per share has exceeded estimates in three out of the last four quarters, with an average beat of 0.67%. Despite some challenges, CCI’s strong portfolio of wireless infrastructure assets positions it well for future growth. However, concerns about customer concentration remain, which could impact revenue.

For Q4, site rental revenues are expected to see a marginal decrease year over year, with total service revenues also anticipated to decline. Analysts estimate Q4 revenues to decrease by 2.2%, with higher interest expenses potentially impacting CCI’s performance. The company’s AFFO per share estimate for Q4 remains unchanged from the prior year.

In 2024, CCI expects AFFO per share to range between $6.91-$7.02, with projected site rental revenues and adjusted EBITDA also provided. Analysts predict a 7.3% decrease in AFFO per share compared to the previous year. Revenue estimates for 2024 indicate a 6.2% decrease from the prior year.

While our quantitative model doesn’t foresee an AFFO surprise for CCI this season, the company’s current Earnings ESP and Zacks Rank suggest limited potential for a beat. Other REITs like Host Hotels & Resorts (HST) and American Tower Corporation (AMT) have reported their Q4 results, showing varying levels of performance and outlook for the future.



Read more at Nasdaq: What’s in Store for Crown Castle Stock This Earnings Season?