The 10-second takeaway
For the quarter ended June 30 (Q2), DISH Network missed slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
DISH Network logged revenue of $3.57 billion. The 17 analysts polled by S&P Capital IQ wanted to see sales of $3.63 billion on the same basis. GAAP reported sales were 0.5% lower than the prior-year quarter's $3.59 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.50. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.66 per share. GAAP EPS of $0.50 for Q2 were 33% lower than the prior-year quarter's $0.75 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.5%, 360 basis points worse than the prior-year quarter. Operating margin was 13.1%, 760 basis points worse than the prior-year quarter. Net margin was 6.3%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.61 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $14.47 billion. The average EPS estimate is $2.54.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 316 members out of 394 rating the stock outperform, and 78 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give DISH Network a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DISH Network is outperform, with an average price target of $34.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.