The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Dish Network met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share contracted significantly.
Margins contracted across the board.
Dish Network reported revenue of $3.59 billion. The 17 analysts polled by S&P Capital IQ hoped for sales of $3.56 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.46. The 17 earnings estimates compiled by S&P Capital IQ anticipated $0.52 per share. GAAP EPS of $0.46 for Q4 were 33% lower than the prior-year quarter's $0.69 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 38.4%, 410 basis points worse than the prior-year quarter. Operating margin was 12.7%, 390 basis points worse than the prior-year quarter. Net margin was 5.8%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.63 billion. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $14.76 billion. The average EPS estimate is $2.38.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 306 members out of 397 rating the stock outperform, and 91 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Dish Network a green thumbs-up, and 28 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 $37.40.
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