Crown Expected To Announce 10% Growth In Quarterly Sales

Wall Street analysts expect Crown Castle (NYSE:CCI) to report $1.13 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Crown Castle’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.25 billion. Crown reported sales of $1.03 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7 percent. The company is expected to announce its next quarterly earnings report on Wednesday, January 24.

According to Zacks, analysts expect that Crown Castle International will report full-year sales of $1.13 billion for the current year, with estimates ranging from $4.20 billion to $4.37 billion. For the next fiscal year, analysts expect that the company will post sales of $5.30 billion per share, with estimates ranging from $5.23 billion to $5.33 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Crown Castle International.

January 8, 2017

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