What's Next: Crown Castle's Earnings Preview

Crown Castle (NYSE:CCI) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-16. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Crown Castle will report an earnings per share (EPS) of $1.80.

Crown Castle bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

The company's EPS missed by $0.03 in the last quarter, leading to a 0.56% drop in the share price on the following day.

Here's a look at Crown Castle's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.65

1.71

EPS Actual

1.62

1.72

1.82

1.77

Price Change %

-1.0%

1.0%

5.0%

-6.0%

Stock Performance

Shares of Crown Castle were trading at $112.03 as of October 14. Over the last 52-week period, shares are up 26.03%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Crown Castle

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Crown Castle.

Analysts have provided Crown Castle with 9 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $114.33, suggesting a potential 2.05% upside.

Comparing ...