EchoStar Earnings: Everything You Must Know Now

EchoStar Corp. (NASDAQ:SATS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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EchoStar Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 97.24% to $0.04 in the quarter versus EPS of $1.45 in the year-earlier quarter.

Revenue: Rose 4.02% to $795.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: EchoStar Corp. reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.06. It missed the average revenue estimate of $797.26 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 1.18% from $786.2 million in the previous quarter. EPS decreased 85.71% from $0.28 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 $0.12 to a profit $0.06. For the current year, the average estimate has moved down from a profit of $0.51 to a profit of $0.07 over the last ninety days.

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