Crown Castle (CCI)

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Crown Castle International Corp. (REIT) (CCI) Expected to Post Quarterly Sales of $1.50 Billion
By: MarketBeat | March 26, 2021

Wall Street brokerages forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will report sales of $1.50 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Crown Castle International's earnings. The highest sales estimate is $1.53 billion and the lowest is $1.47 billion. Crown Castle International posted sales of $1.42 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is expected to issue its next quarterly earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Crown Castle International will report full-year sales of $6.19 billion for the current year, with estimates ranging from $6.14 billion to $6.25 billion. For the next financial year, analysts expect that the firm will post sales of $6.50 billion, with estimates ranging from $6.44 billion to $6.54 billion. Zacks' sales averages are an average based on a survey of sell-side analysts that follow Crown Castle International.

Crown Castle International (NYSE:CCI) last issued its earnings results on Wednesday, January 27th. The real estate investment trust reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.75. Crown Castle International had a net margin of 13.09% and a return on equity of 7.57%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis.

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