Crown Castle (CCI) Dips More Than Broader Markets: What You Should Know

Crown Castle (CCI) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

Crown Castle (CCI) closed the most recent trading day at $189.62, moving -1.01% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.72%.

Crown Castle (CCI) Dips More Than Broader Markets: What You Should Know – Zacks

Heading into today, shares of the operator of wireless communications towers had gained 6.22% over the past month, outpacing the Finance sector’s loss of 2.43% and the S&P 500’s gain of 0.11% in that time.

Investors will be hoping for strength from Crown Castle as it approaches its next earnings release. In that report, analysts expect Crown Castle to post earnings of $1.72 per share. This would mark a year-over-year decline of 26.18%. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 8.73% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.89…

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