Crown Castle Inc reports results for the quarter ended September 30 - Earnings Summary

• Crown Castle Inc CCI.N reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 58 cents to 75 cents per share.

• Revenue fell 7.2% to $995.00 million from a year ago; analysts expected $1.01 billion.

• Crown Castle Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of $283 million.

• Crown Castle Inc shares had risen by 21.7% this quarter and lost 8.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Crown Castle Inc is $92.50, about 15% above its last closing price of $78.65

This summary was machine generated from LSEG data October 21 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)