DISH Network ( DISH Quick Quote DISH - Free Report) is set to report third-quarter 2020 results on Nov 6. For the quarter, the Zacks Consensus Estimate for revenues currently stands at $4 billion, suggesting a 26.2% growth from the figure reported in the year-ago quarter. Moreover, the consensus mark for third-quarter earnings stayed at 65 cents per share over the past 30 days, indicating a decline of 1.5% from the year-ago quarter’s reported figure. Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing the same in one, the average negative surprise being 4.3%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
DISH’s third-quarter top line is expected to reflect the negative impact of persistent subscriber loss due to stiff competition and cord-cutting in the Pay-TV industry. The coronavirus pandemic outbreak is expected to have affected the Pay-TV subscriber addition rate, particularly commercial accounts in the to-be-reported quarter.
Notably, DISH lost 96K net Pay-TV subscribers in second-quarter 2020. The trend is likely to have continued in the to-be-reported quarter. Moreover, DISH’s efforts to diversify business from being a pure-play satellite-TV operator to an Internet-TV operator are not expected to have provided any meaningful impetus to its prospects in the second quarter. Additionally, the bottom-line performance is expected to reflect on escalating programming and content expenses, along with retransmission fees. Key Q3 Development
On Jul 1, DISH entered the retail wireless market through the acquisition of Boost Mobile for $1.4 billion. The company announced five wireless plans under $50 per month, giving consumers more choice and value in prepaid wireless.
Moreover, on Sep 23, DISH division SLING TV launched a new feature in beta, SLING Watch Party, which enables customers to connect with friends and family in remote locations through video and chat while streaming their favorite programs together. What Our Model Says
Per the Zacks model, the combination of a positive
Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. DISH has an Earnings ESP of 0.00% and a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider
Here are a few companies worth considering as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
TEGNA ( TGNA Quick Quote TGNA - Free Report) has an Earnings ESP of +15.39% and is Zacks #1 Ranked. You can see the complete list of today’s Zacks #1 Rank stocks here. Townsquare Media ( TSQ Quick Quote TSQ - Free Report) has an Earnings ESP of +25.00% and is #3 Ranked. ViacomCBS ( VIAC Quick Quote VIAC - Free Report) has an Earnings ESP of +8.23% and a Zacks Rank #3. Zacks’ Single Best Pick to Double
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