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Saturday, April 04, 2020 1:46:21 PM
By: Zacks Equity Research | April 3, 2020
In the latest trading session, Crown Castle (CCI) closed at $145.62, marking a -0.51% move from the previous day. This change was narrower than the S&P 500's 1.51% loss on the day. Elsewhere, the Dow lost 1.69%, while the tech-heavy Nasdaq lost 1.53%.
Prior to today's trading, shares of the operator of wireless communications towers had lost 9.78% over the past month. This has was narrower than the Finance sector's loss of 26.36% and the S&P 500's loss of 18.13% in that time.
Investors will be hoping for strength from CCI as it approaches its next earnings release. In that report, analysts expect CCI to post earnings of $1.49 per share. This would mark year-over-year growth of 2.76%. Our most recent consensus estimate is calling for quarterly revenue of $1.45 billion, up 1.74% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.15 per share and revenue of $6.04 billion. These totals would mark changes of +8.08% and +3.29%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CCI. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CCI is currently a Zacks Rank #3 (Hold).
Looking at its valuation, CCI is holding a Forward P/E ratio of 23.82. This valuation marks a premium compared to its industry's average Forward P/E of 9.84.
It is also worth noting that CCI currently has a PEG ratio of 1.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CCI's industry had an average PEG ratio of 2.92 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 102, putting it in the top 40% of all 250+ industries.
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Recent CCI News
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/09/2024 08:03:08 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 09:28:32 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 08:01:22 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 11:33:38 AM
- Crown Castle’s Highly Qualified Board of Directors is Driving Strategic Actions to Enhance Value • GlobeNewswire Inc. • 05/07/2024 11:30:08 AM
- Boots Capital Sends Letter to Shareholders Highlighting Crown Castle Board's Failures to Deliver Promised Changes While Presiding Over a Decade of Underperformance • PR Newswire (US) • 05/07/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 10:00:15 PM
- Form 3/A - Initial statement of beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/06/2024 09:56:36 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/06/2024 08:52:50 PM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/06/2024 08:51:55 PM
- BOOTS CAPITAL ENCOURAGES SHAREHOLDERS TO IGNORE CROWN CASTLE'S DISTRACTING MISREPRESENTATIONS AND JUDGE DIRECTOR CANDIDATES ON THE MERITS • PR Newswire (US) • 05/06/2024 11:30:00 AM
- Crown Castle Files Investor Presentation Highlighting Clear Strategic Plan and Refreshed, Experienced Board to Drive Shareholder Value Creation • GlobeNewswire Inc. • 05/03/2024 11:30:44 AM
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- Crown Castle Highlights Actions its Board Has Implemented to Successfully Strengthen Foundation and Position Company for Long-Term Value Creation • GlobeNewswire Inc. • 04/25/2024 08:15:15 PM
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- Crown Castle Highlights Actions Underway to Create Stronger and More Valuable Company • GlobeNewswire Inc. • 04/11/2024 11:23:01 AM
- Crown Castle Appoints Tower Industry Veteran Steven J. Moskowitz as President and Chief Executive Officer • GlobeNewswire Inc. • 04/10/2024 08:15:48 PM
- Crown Castle Announces First Quarter 2024 Earnings Conference Call Details • GlobeNewswire Inc. • 04/03/2024 08:15:00 PM
- CROWN CASTLE CO-FOUNDER TED B. MILLER FILES PRELIMINARY PROXY MATERIALS • PR Newswire (US) • 03/28/2024 03:52:00 PM
- Crown Castle Issues Open Letter to Shareholders • GlobeNewswire Inc. • 03/25/2024 11:45:07 AM
- Crown Castle Deserves Better: An Open Letter to Shareholders from Crown Castle Co-Founder Ted B. Miller • PR Newswire (US) • 03/13/2024 10:13:00 PM
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