Dish Network
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Dish Network met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Revenue details
Dish Network logged revenue of $3.52 billion. The 18 analysts polled by S&P Capital IQ predicted sales of $3.56 billion on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $3.60 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 $0.49. The 21 earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS were -$0.35 for Q3 compared to $0.71 per share for the prior-year quarter.
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 40.3%, 310 basis points worse than the prior-year quarter. Operating margin was 13.0%, 430 basis points worse than the prior-year quarter. Net margin was -4.5%, 1,340 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $3.59 billion. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $14.34 billion. The average EPS estimate is $2.40.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 312 members out of 395 rating the stock outperform, and 83 members rating it underperform. Among 111 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Dish Network a green thumbs-up, and 24 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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