Dish Network Earnings: Here’s Why Shares are Down Now

Dish Network Corp. (NASDAQ:DISH) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.80%.

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Dish Network Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 41.25% to $0.47 in the quarter versus EPS of $0.80 in the year-earlier quarter.

Revenue: Decreased 0.75% to $3.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dish Network Corp. reported adjusted EPS income of $0.47 per share. By that measure, the company missed the mean analyst estimate of $0.53. It missed the average revenue estimate of $3.61 billion.

Quoting Management: “We have been pleased with the market’s response to our Hopper® with Sling® roll out, despite headwinds from our first price increase in two years,” said Joseph P. Clayton, DISH president and CEO. “Broadband sales are encouraging, especially given that almost all of our dishNET™ customers have bundled with our pay-TV service.”

Key Stats (on next page)…

Revenue decreased 0.96% from $3.59 billion in the previous quarter. EPS increased 2.17% from $0.46 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.64 to a profit $0.6. For the current year, the average estimate has moved down from a profit of $2.34 to a profit of $2.22 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)