| SBAC |
Report |
AFFO per share (Q2 2026) |
BEAT |
pred ~$3.00 vs. cons $2.96 |
MEDIUM |
| SBAC |
Report |
Site-leasing revenue (Q2 2026) |
IN-LINE |
pred ~$661M vs. cons $658M |
MEDIUM |
| SBAC |
Report |
Total revenue (Q2 2026) |
IN-LINE |
pred ~$706M vs. cons $703M |
MEDIUM |
| SBAC |
Guide |
FY2026 AFFO/share guidance (raise vs. prior $11.93–12.38 midpoint $12.16) |
BETTER |
guide midpoint ~$12.25 vs. cons ~$12.16 (FY2026) |
MEDIUM |
| SBAC |
Guide |
FY2026 site-leasing revenue guidance (FX tailwind) |
BETTER |
guide midpoint ~$2,675M vs. cons ~$2,662M (FY2026) |
MEDIUM |
| SBAC |
Guide |
FY2026 net cash interest expense (post $3.5B IG refi at 4.875–5.45%) |
UNKNOWN |
guide ~$498M vs. prior/cons ~$495M (FY2026) |
LOW |
| SBAC |
Guide |
FY2026 Adjusted EBITDA guidance |
BETTER |
guide midpoint ~$1,940M vs. cons ~$1,931M (FY2026) |
LOW |
| SBAC |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.5% |
— |
MEDIUM |
| SBAC |
Return |
5-day cumulative residual |
-0.5% (FADE) |
Low bar (stock -21% YoY, -16% since Q1) plus SBAC's habit of small AFFO beats and a modest FX-aided guide raise should produce a mild day-1 pop. But the out-period math is negative: domestic Sprint/EchoStar churn keeps domestic site-leasing declining, the just-closed ~5% unsecured IG refinancing lifts interest expense, and AFFO/share is still down YoY — so estimate revisions drift lower and the initial pop fades back toward flat as the quality-of-guidance debate reasserts. |
LOW |