DISH Network
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.
Revenue details
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 details
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.
Margin details
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.
Looking ahead
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.
Investor sentiment
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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