DISH Network Corp. is a leading satellite TV operator in the U.S. The company provides video services under the DISH brand. In addition, the company provides satellite broadband services, and wireline voice and broadband services under the dishNET brand.
DISH Network’s top-line growth may remain under pressure as the company’s failure to strike any deal with wireless operators to deploy a nationwide wireless network has been a major headwind.
DISH currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of a substantial 117.46% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DISH has lagged Q3 earnings estimate. Our consensus earnings estimate called for an EPS (earnings per share) of 69 cents and the company reported EPS was 64 cents. Investors should note that these figures take out stock option expenses.
Revenue: DISH reported total revenue of $3,837 million lagging our estimate of $3,755 million.
Key States to Note: In the reported quarter, DISH lost 116,000 pay-TV (including satellite TV and Sling TV) customers. At quarter end, the company had 13.643 million pay-TV subscribers, down 1.9% year over year. The company also lost 20,000 high-speed broadband subscribers in the reported quarter.
Pay-TV churn rate was 2.11% against 1.86% in the year-ago quarter. Pay-TV ARPU (average revenue per user) was $89.44 compared with $86.33 in the prior-year quarter. Pay-TV average subscriber acquisition cost was $682 against $722 in the year-ago quarter.
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DISH Network (DISH) Lags Q3 Earnings Lags Revenues
DISH Network Corp. is a leading satellite TV operator in the U.S. The company provides video services under the DISH brand. In addition, the company provides satellite broadband services, and wireline voice and broadband services under the dishNET brand.
DISH Network’s top-line growth may remain under pressure as the company’s failure to strike any deal with wireless operators to deploy a nationwide wireless network has been a major headwind.
DISH currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of a substantial 117.46% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DISH has lagged Q3 earnings estimate. Our consensus earnings estimate called for an EPS (earnings per share) of 69 cents and the company reported EPS was 64 cents. Investors should note that these figures take out stock option expenses.
Revenue: DISH reported total revenue of $3,837 million lagging our estimate of $3,755 million.
Key States to Note: In the reported quarter, DISH lost 116,000 pay-TV (including satellite TV and Sling TV) customers. At quarter end, the company had 13.643 million pay-TV subscribers, down 1.9% year over year. The company also lost 20,000 high-speed broadband subscribers in the reported quarter.
Pay-TV churn rate was 2.11% against 1.86% in the year-ago quarter. Pay-TV ARPU (average revenue per user) was $89.44 compared with $86.33 in the prior-year quarter. Pay-TV average subscriber acquisition cost was $682 against $722 in the year-ago quarter.
DISH NETWORK CP Price and EPS Surprise
DISH NETWORK CP Price and EPS Surprise | DISH NETWORK CP Quote
"Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>"