DISH Network Corp First Quarter Earnings Sneak Peek

DISH Network Corporation (NASDAQ:DISH) will unveil its latest earnings on Monday, May 7, 2012. DISH Network, together with its subsidiaries, operates the DISH Network television service, which provides a direct broadcast satellite subscription television service in the United States.

DISH Network Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 70 cents per share, a decline of 2.8% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 4.8% compared to last year’s $2.75.

Past Earnings Performance: Last quarter, the company topped expectations by 9 cents, coming in at profit of 70 cents per share versus a mean estimate of net income of 61 cents per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 12.1% in revenue from the year-earlier quarter to $3.61 billion.

Analyst Ratings: Optimism surrounds DISH Network, as seven analysts rate it as a buy, one rates it as a sell, and six rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 24.2% to $312.7 million (69 cents a share) from $251.8 million (56 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.2% to $3.63 billion from $3.21 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 30.3% in the second quarter of the last fiscal year and 30.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.5% in the first quarter of the last fiscal year, 13.3% in the second quarter of the last fiscal year and 12.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 3, 2012 and May 1, 2012, the stock price rose $3.07 (10.6%), from $28.91 to $31.98. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011, when shares rose for eight straight days, increasing 17% (+$3.70) over that span. It saw one of its worst periods between October 26, 2011 and November 4, 2011 when shares fell for eight straight days, dropping 9.6% (-$2.31) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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