DISH Network reported fourth-quarter 2019 earnings of 69 cents per share, beating the Zacks Consensus Estimate by 11.3%. The figure increased 7.8% year over year.
Revenues declined 2.1% year over year to $3.24 billion but surpassed the consensus mark by 2.4%.
DISH exited the reported quarter with 9.394 million DISH TV subscribers, down 5.2% year over year, and 2.592 million Sling TV subscribers, up 7.2%. Total Pay-TV subscribers were 11.986 million, down 2.7% year over year.
DISH shares were up 2.1% in pre-market trading.
Quarter Details
DISH lost 194K net Pay-TV subscribers in the reported quarter. The company had lost roughly 334K net Pay-TV subscribers in the year-ago quarter.
Moreover, DISH lost 94K net Sling TV subscribers in the fourth quarter against 47K added in the year-ago quarter.
However, Pay-TV ARPU climbed 1.7% year over year to $87.02. Additionally, the churn rate was 1.56% compared with the year-ago quarter’s 2.07%.
DISH TV SAC was $850, down 1.3% year over year.
Balance Sheet
As of Dec 31, 2019, cash, cash equivalents and current marketable investment securities were $2.86 billion compared with $1.66 billion, as of Sep 30, 2019.
Zacks Rank & Stocks to Consider
DISH currently carries a Zacks Rank #3 (Hold).
TEGNA (TGNA - Free Report) , Gray Television (GTN - Free Report) and Netflix (NFLX - Free Report) are some better-ranked stocks in the broader Consumer Discretionary sector. While TEGNA and Gray Television sport a Zacks Rank #1 (Strong Buy), Netflix has a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for both TEGNA and Gray Television is pegged at 10%, while Netflix is expected to grow at 30%.
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DISH Network reported fourth-quarter 2019 earnings of 69 cents per share, beating the Zacks Consensus Estimate by 11.3%. The figure increased 7.8% year over year.
Revenues declined 2.1% year over year to $3.24 billion but surpassed the consensus mark by 2.4%.
DISH exited the reported quarter with 9.394 million DISH TV subscribers, down 5.2% year over year, and 2.592 million Sling TV subscribers, up 7.2%. Total Pay-TV subscribers were 11.986 million, down 2.7% year over year.
DISH shares were up 2.1% in pre-market trading.
Quarter Details
DISH lost 194K net Pay-TV subscribers in the reported quarter. The company had lost roughly 334K net Pay-TV subscribers in the year-ago quarter.
Moreover, DISH lost 94K net Sling TV subscribers in the fourth quarter against 47K added in the year-ago quarter.
However, Pay-TV ARPU climbed 1.7% year over year to $87.02. Additionally, the churn rate was 1.56% compared with the year-ago quarter’s 2.07%.
DISH TV SAC was $850, down 1.3% year over year.
Balance Sheet
As of Dec 31, 2019, cash, cash equivalents and current marketable investment securities were $2.86 billion compared with $1.66 billion, as of Sep 30, 2019.
Zacks Rank & Stocks to Consider
DISH currently carries a Zacks Rank #3 (Hold).
TEGNA (TGNA - Free Report) , Gray Television (GTN - Free Report) and Netflix (NFLX - Free Report) are some better-ranked stocks in the broader Consumer Discretionary sector. While TEGNA and Gray Television sport a Zacks Rank #1 (Strong Buy), Netflix has a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for both TEGNA and Gray Television is pegged at 10%, while Netflix is expected to grow at 30%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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