Optimism surrounds Crown Castle International Corp., as it gets ready to report its second quarter results on Wednesday, July 22, 2015. Analysts are expecting the company to book a profit of 30 cents a share, up from seven cents a year ago.
The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 32 cents. Analysts are projecting earnings of $1.26 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $916.3 million by 1%, finishing at $929.8 million for the quarter. For the year, revenue is expected to come in at $3.73 billion.
Over the last four quarters, revenue has increased 18% on average year-over-year. The biggest increase came in the second quarter, when revenue rose 25% from the year-earlier quarter.
The majority of analysts (58%) rate Crown Castle International as a buy. This compares favorably to the analyst ratings of seven similar companies, which average 57% buys.
Crown Castle International owns, operates, and leases towers and other communication structures. It also provides network services to its customers, including initial antenna installation and augmentation, network design, and site selection.
. Verizon Communications, also in the communications services industry, will report earnings on Tuesday, July 21, 2015. Analysts are expecting earnings of $1.00 per share for Verizon, up 10% from last year's earnings of $0.91 per share. Other companies in the communications services industry with upcoming earnings release dates include: American, SBA Communications and Sprint Nextel.
Earnings estimates provided by Zacks.
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