Dish Network Earnings: Here’s Why the Stock is Down Now

Dish Network Corp. (NASDAQ:DISH) had a loss 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 3.82%.

Dish Network Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.50 in the year-earlier quarter.

Revenue: Rose 1.07% to $3.61 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dish Network Corp. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.54. It missed the average revenue estimate of $3.65 billion.

Quoting Management: “We are pleased to see continued growth in Hopper® receiver take rates, as well as growth in broadband-connected subscribers,” said Joseph P. Clayton, DISH president and CEO. “This performance reflects efforts like our DISH Anywhere™ mobile app and our iPad 2 promotion with Apple, and will set the stage for long-range revenue performance.”

Key Stats (on next page)…

Revenue increased 1.54% from $3.56 billion in the previous quarter. EPS decreased to $-0.02 in the quarter versus EPS of $0.47 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 $0.53 to a profit $0.5. For the current year, the average estimate has moved down from a profit of $2.22 to a profit of $2.03 over the last ninety days.

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

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