Core Insights - Crown Castle (CCI) reported $1.65 billion in revenue for Q3 2024, a year-over-year decline of 0.9%, with an EPS of $1.84 compared to $0.61 a year ago, indicating a significant improvement in earnings despite the revenue drop [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.64 billion by 1.02%, while the EPS surpassed the consensus estimate of $1.80 by 2.22% [1] Financial Performance Metrics - Total Ending Towers: 40,000, slightly below the average estimate of 40,058 [3] - Site Rental Revenues: $1.59 billion, exceeding the average estimate of $1.58 billion, reflecting a 1% increase year-over-year [3] - Site Rental Revenues from Towers: $1.06 billion, slightly below the estimate of $1.08 billion, showing a 1% decrease year-over-year [3] - Site Rental Revenues from Fiber: $530 million, surpassing the estimate of $503.32 million, representing a 5.4% increase year-over-year [3] - Revenues from Services and Other: $59 million, exceeding the average estimate of $52.75 million, but reflecting a significant decline of 34.4% year-over-year [3] - Net Earnings Per Share (Diluted): $0.70, above the average estimate of $0.64 [3] - Gross Margin for Services and Other: $31 million, exceeding the average estimate of $21.12 million [3] - Gross Margin for Site Rental: $1.17 billion, slightly above the average estimate of $1.16 billion [3] Stock Performance - Crown Castle's shares have returned -4.4% over the past month, contrasting with the Zacks S&P 500 composite's +3.5% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.84 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to FFO of $1.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.22%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1.65 per share when it actually produced FFO of $1.62, delivering a surprise of -1.82%. Over the l ...

Exhibit 99.2 Supplemental Information Package and Non-GAAP Reconciliations Third Quarter • September 30, 2024 The pathway to possible. CrownCastle.com Crown Castle Inc. Third Quarter 2024 1 | --- | --- | |-------------------------------------------------------------------------------------------------------------|-------| | | Page | | Company Overview | | | Company Profile | 3 | | Strategy | 3 | | General Company Information | 4 | | Asset Portfolio Footprint | 4 | | Historical Common Stock Data | 4 | | Annu ...

Wall Street analysts forecast that Crown Castle (CCI) will report quarterly earnings of $1.80 per share in its upcoming release, pointing to a year-over-year increase of 1.7%. It is anticipated that revenues will amount to $1.64 billion, exhibiting a decline of 1.9% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed t ...

Shares of Crown Castle (CCI) have been struggling lately and have lost 5.9% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earni ...

Crown Castle's dividend could be on shaky ground. Crown Castle (CCI -1.29%) pays a towering dividend. The real estate investment trust (REIT) focused on data and communications infrastructure yields more than 5%. That puts it near the top of the S&P 500, where the average dividend yield is less than 1.5%. Crown Castle had been growing its payout at a healthy clip until pressing pause a couple of years ago because of several headwinds. The infrastructure REIT had planned to restart its dividend growth engine ...

You won't be charged a penny during the free trial, so you have nothing to lose and everything to gain. If you want full access to our Portfolio and all our current Top Picks, feel free to join us at High Yield Landlord for a 2-week free trial. REITs have rallied in recent weeks and as a result, some investors seem to think that it is now too late to invest in them. He is the leader of the investing group High Yield Landlord , where he shares his real-money REIT portfolio and transactions in real-time. Feat ...

Crown Castle Inc. (NYSE:CCI) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:00 AM ET Company Participants Daniel Schlanger - CFO Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin I want to welcome back Dan Schlanger, the Chief Financial Officer of Crown Castle. Appreciate your spending time with us. Daniel Schlanger Yes, thanks for having us. It's great to be back here. Question-and-Answer Session Q - Jonathan Atkin I think, mayb ...

Crown Castle Inc. (NYSE:CCI) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:00 AM ET Company Participants Daniel Schlanger - CFO Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin I want to welcome back Dan Schlanger, the Chief Financial Officer of Crown Castle. Appreciate your spending time with us. Daniel Schlanger Yes, thanks for having us. It's great to be back here. Question-and-Answer Session Q - Jonathan Atkin I think, mayb ...

Crown Castle Inc. (NYSE:CCI) Goldman Sachs Communacopia & Technology Conference Call September 10, 2024 10:30 AM ET Company Participants Dan Schlanger - Chief Financial Officer Conference Call Participants Jim Schneider - Goldman Sachs Jim Schneider Okay. Good morning, everybody. Welcome to the Goldman Sachs Communacopia and Technology Conference. My name is Jim Schneider. I'm the telecom analyst here at Goldman Sachs. It's my pleasure to welcome Crown Castle and CFO, Dan Schlanger. Thanks for being here, D ...