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For the quarter, the Zacks Consensus Estimate for revenues is currently pegged at $4.05 billion, suggesting a decline of 6.39% from the figure reported in the year-ago quarter.
The consensus mark for first-quarter earnings has been steady in the past 30 days at 36 cents, indicating a decline of 47.06% from the year-ago quarter’s reported figure.
DISH’s earnings beat the Zacks Consensus Estimate in three of the past four quarters and missed once. It delivered a trailing four-quarter earnings surprise of 63.44% on average.
DISH’s first-quarter results are expected to be negatively impacted by intense and increasing competition in the Pay-TV market, as well as cord-cutting. This has resulted in a continuous decline in subscriber acquisition and retention in the past four quarters.
As of Dec 31, 2022, DISH had 9.750 million Pay-TV subscribers in the United States, including 7.416 million DISH TV subscribers and 2.334 million SLING TV subscribers.
Net pay-TV subscribers decreased roughly 268,000 in the fourth quarter compared with a decrease of roughly 273,000 in the year-ago quarter.
Retail wireless net subscribers decreased roughly 24,000 in the fourth quarter. The deceleration in subscriber numbers is expected to have continued in the first quarter as well.
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.
DISH currently has an Earnings ESP of +21.55% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases:
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DISH Network (DISH) to Report Q1 Earnings: What's in Store?
DISH Network is set to report first-quarter 2023 results on May 8.
For the quarter, the Zacks Consensus Estimate for revenues is currently pegged at $4.05 billion, suggesting a decline of 6.39% from the figure reported in the year-ago quarter.
The consensus mark for first-quarter earnings has been steady in the past 30 days at 36 cents, indicating a decline of 47.06% from the year-ago quarter’s reported figure.
DISH’s earnings beat the Zacks Consensus Estimate in three of the past four quarters and missed once. It delivered a trailing four-quarter earnings surprise of 63.44% on average.
DISH’s first-quarter results are expected to be negatively impacted by intense and increasing competition in the Pay-TV market, as well as cord-cutting. This has resulted in a continuous decline in subscriber acquisition and retention in the past four quarters.
DISH Network Corporation Price and EPS Surprise
DISH Network Corporation price-eps-surprise | DISH Network Corporation Quote
As of Dec 31, 2022, DISH had 9.750 million Pay-TV subscribers in the United States, including 7.416 million DISH TV subscribers and 2.334 million SLING TV subscribers.
Net pay-TV subscribers decreased roughly 268,000 in the fourth quarter compared with a decrease of roughly 273,000 in the year-ago quarter.
Retail wireless net subscribers decreased roughly 24,000 in the fourth quarter. The deceleration in subscriber numbers is expected to have continued in the first quarter as well.
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.
DISH currently has an Earnings ESP of +21.55% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other companies worth considering, as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases:
BJ’s Wholesale Club (BJ - Free Report) has an Earnings ESP of +6.76% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
BJ shares have gained 10.5% year to date. The company is set to report its first-quarter 2023 results on May 23.
DigitalOcean (DOCN - Free Report) has an Earnings ESP of +3.45% and a Zacks Rank of 2, at present.
DigitalOcean shares have gained 23% year to date. DOCN is set to report its first-quarter 2023 results on May 9.
Keysight Technologies (KEYS - Free Report) has an Earnings ESP of +0.09% and a Zacks Rank #2.
Keysight shares have declined 16.7% year to date. KEYS is set to report its second-quarter fiscal 2023 results on May 16.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.