DISH Network Corp Third Quarter Earnings Sneak Peek

DISH Network Corporation (NASDAQ:DISH) will unveil its latest earnings on Monday, November 7, 2011. 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 estimate of analysts is for net income of 72 cents per share, a rise of 30.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 67 cents. Between one and three months ago, the average estimate moved up. It has risen from 71 cents during the last month. Analysts are projecting profit to rise by 51.8% versus last year to $3.34.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of 75 cents per share versus a mean estimate of net income of 77 cents per share. In the first quarter, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 13.7% in revenue from the year-earlier quarter to $3.65 billion.

Analyst Ratings: Analysts are bullish on DISH Network as six analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

A Look Back: In the second quarter, profit rose 30.3% to $334.8 million (75 cents a share) from $257 million (57 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 13.3% to $3.59 billion from $3.17 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the first quarter and 40.8% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 5.5% in the first quarter from the year earlier, climbed 8.2% in the fourth quarter of the last fiscal year from the year-ago quarter and 10.9% in the third 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 October 26, 2011 to November 1, 2011, the stock price had dropped $2.14 (-8.2%) from $25.98 to $23.84. 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, rising 17% (+$4.01) over that span. It saw one of its worst periods between August 3, 2011 and August 10, 2011 when shares fell for six-straight days, falling 24.8% (-$7.14) over that span. Shares are up $4.18 (+21.3%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.