Equity Profile
Pre-Earnings Brief
SBA Communications Corporation (SBAC) is a real estate investment trust (REIT) that focuses on owning and operating telecom towers. As the demand for wireless communication continues to grow, SBA plays a crucial role in providing the infrastructure needed for mobile networks, making it an important player in the telecom sector.
EPS
Earnings per share will indicate the company's profitability and how well it is managing its costs.
Revenue Growth
Revenue growth is essential to assess the company's ability to expand its business and meet increasing demand for telecom services.
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EPS Beat Streak
0Q
EPS Beat Rate
38%
Avg EPS Surprise
-18.86%
Avg Stock Reaction
-0.03%
In Q1-2026, SBA Communications reported an EPS of $1.74, significantly missing estimates of $2.71. The stock reacted negatively, declining by 0.74% the following day.
Management Promises & Guidance
Overall expectations for SBA Communications are cautious due to recent earnings misses, which have raised concerns about its growth trajectory. Investors will be watching closely for any signs of recovery in earnings and revenue.
Bull Case
The bullish view hinges on a strong recovery in earnings, potentially driven by new tower leases and increased demand for telecom services, which could lead to higher revenues and profitability.
Bear Case
The bearish perspective suggests that continued earnings misses could indicate deeper issues within the company, such as rising operational costs or a slowdown in demand for telecom infrastructure.
EPS
N/AEarnings per share will indicate the company's profitability and how well it is managing its costs.
Revenue Growth
N/ARevenue growth is essential to assess the company's ability to expand its business and meet increasing demand for telecom services.
Tower Leases
N/AThe number of tower leases will provide insight into the company's market position and demand for its services.
Expectations
The print will turn on these two things.
Q1
What will be the EPS for Q2-2026?
Given the significant misses in previous quarters, the EPS figure will be critical in assessing whether the company is on a recovery path.
Q2
How many new tower leases were signed in the last quarter?
The number of new leases will indicate demand for SBA's services and its ability to grow revenue, which is essential for investor confidence.
Edge
Why consensus could be wrong
The Street may be underestimating the potential for a rebound in tower leases, which could drive revenue growth higher than expected this quarter.
Supporting Evidence
The options market is pricing in a larger move than historical averages, suggesting that traders anticipate a significant change.
Recent insider activity, although routine, shows no signs of panic selling, indicating some level of confidence among management.
The historical trend shows that after a series of misses, companies can rebound strongly if they address operational issues.
Key Risk
If tower lease growth exceeds expectations, it could significantly alter the current bearish sentiment.
Edge
Pre-commit to what would confirm each case.
This quarter is pivotal as the company needs to demonstrate that it can return to a growth trajectory after several disappointing earnings reports.
Bull Confirmed If
An EPS of $2.50 or higher would confirm a recovery in profitability.
Bear Confirmed If
An EPS below $1.50 would reinforce concerns about the company's growth prospects.
Pre-Earnings Positioning
Implied Move
±9.18%
Historical Avg
±1.0%
The options market is pricing in a significant move of about 9.18%, indicating that traders expect volatility around the earnings report.
Options are pricing ±9.2% while SBAC has averaged ±1.0% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
62.9%
Preparation
Likely market behavior by outcome — not investment advice.
Beat & Raise
If SBA beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around a 1.00% increase on the first day.
In-Line / Cautious
If results are in line with expectations but management's commentary is cautious, the stock may react neutrally or slightly down.
Miss
If the company misses again, history suggests a muted reaction, with an average move of around 0.00% following past misses.
Preparation
House & Senate STOCK Act disclosures over the trailing 6 months.
Trades
3
1 buy·2 sells
Members
1
House only
Est. Notional
$3,003.00–$45,000.00
disclosed dollar ranges
Most Active Members
3 trades
Mixed
Recent Transactions
Traded Jan 9, 2026 · disclosed Feb 13, 2026
$1,001.00–$15,000.00
Traded Dec 19, 2025 · disclosed Jan 12, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.
Preparation
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
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ONEOK, Inc.
Traded Nov 12, 2025 · disclosed Dec 15, 2025
$1,001.00–$15,000.00