DISH Network Corp Second Quarter Earnings Sneak Peek

DISH Network Corporation (NASDAQ:DISH) will unveil its latest earnings on Tuesday, August 9, 2011. DISH Network Corporation Class A, which together with its subsidiaries operates the DISH Network(NYSE:R) 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 estimate of analysts is for net income of 77 cents per share, a rise of 35.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up, but has dropped from 78 cents during the last month. For the year, analysts are projecting profit of $3.30 per share, a rise of 50% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 72 cents per share against a mean estimate of profit of 68 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $3.41 billion in revenue this quarter, a rise of 7.6% from the year ago quarter. Analysts are forecasting total revenue of $13.56 billion for the year, a rise of 7.3% from last year’s revenue of $12.64 billion.

Analyst Ratings: Analysts are bullish on DISH Network as seven analysts rate it as a buy, none rate it as a sell and seven rate it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than twofold while it rose 40.8% in the fourth quarter of the last fiscal year and more than threefold in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 5.5% to $3.22 billion in first quarter. The figure rose 8.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 10.9% in the third quarter of the last fiscal year from the year-ago quarter and 9.1% in the second quarter of the last fiscal year.

Competitors to Watch: DIRECTV (NASDAQ:DTV), TiVo Inc. (NASDAQ:TIVO), Netflix, Inc. (NASDAQ:NFLX), Comcast Corporation (NASDAQ:CMCSA), Cablevision Systems Corp. (NYSE:CVC), Time Warner Cable Inc. (NYSE:TWC), Hughes Communications Inc. (NASDAQ:HUGH), and Liberty Media Corp (NASDAQ:LINTA).

Stock Price Performance: During July 28, 2011 to August 3, 2011, the stock price had dropped $2.31 (-7.4%) from $31.11 to $28.80. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 11.5% (+$3.21) over that span. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six-straight days, falling 7.4% (-$2.38) over that span. Shares are up $9.14 (+46.5%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

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