Here's Why SBA Communications (SBAC) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
SBA Communications (SBAC)
SBA Communications Corporation was founded in 1989 and is headquartered in Boca Raton, FL. It is a leading independent owner and operator of wireless communications infrastructure. The company’s principal operations are in the United States. It also owns and operates towers in North, Central, and South America, South Africa, the Philippines and Tanzania.
SBAC is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 5.5% year-over-year for the current fiscal year, with sales growth of 3.3%.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.05 to $12.91 per share. SBAC also boasts an average earnings surprise of 1.3%.
SBA Communications is also cash rich. The company has generated cash flow growth of 8.2%, and is expected to report cash flow expansion of 14.8% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, SBAC should be on investors' short lists.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SBA Communications Corporation (SBAC) : Free Stock Analysis Report
