The 10-second takeaway
For the quarter ended March 31 (Q1), Dish Network missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share dropped significantly.
Gross margins shrank, operating margins grew, net margins dropped.
Dish Network recorded revenue of $3.56 billion. The 19 analysts polled by S&P Capital IQ expected a top line of $3.61 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 $0.47. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. GAAP EPS of $0.47 for Q1 were 41% lower than the prior-year quarter's $0.80 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 37.8%, 330 basis points worse than the prior-year quarter. Operating margin was 23.6%, 750 basis points better than the prior-year quarter. Net margin was 6.1%, 400 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.68 billion. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $14.64 billion. The average EPS estimate is $2.18.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 309 members out of 405 rating the stock outperform, and 96 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Dish Network a green thumbs-up, and 26 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 $38.45.
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