Wall Street is expecting higher profit for DISH Network (DISH) when the company reports its third quarter results on Monday, November 7, 2011. The consensus estimate is calling for profit of 72 cents a share, a rise from 55 cents per share a year ago.
What to Expect:
Over the past three months, the consensus estimate has increased from 67 cents. For the fiscal year, analysts are expecting earnings of $3.34 per share.
Revenue is projected to be 13.8% above the year-earlier total of $3.21 billion at $3.65 billion for the quarter. Revenue is projected to roll in at $14.1 billion for the year.
Analyst Ratings:
Analysts are split on DISH Network, but five of 12 analysts rate it hold. Analysts have become more optimistic about the stock recently and the number of buy ratings has risen slightly over the past three months.
Trends to Watch For:
The company has reported increasing profit for three straight quarters. The 30.3% year-over-year growth in net income in the most recent quarter came after the more than twofold profit growth in the first quarter and the 40.8% rise in the fourth quarter of the last fiscal year.
The company has reported growing revenue for four quarters in a row. Revenue rose 13.3% to $3.59 billion in the second quarter. Looking back further, revenue increased 5.5% year-over-year in the first quarter, 8.2% in the fourth quarter of the last fiscal year, and 10.9% in the third quarter of the last fiscal year.
Competitors:
DISH Network provides direct broadcast subscription television service in the United States. One of DISH Network's main competitors in the media industry is Comcast (CMCSA). Other competitors in the consumer discretionary sector include: TiVo (TIVO), Cablevision Systems (CVC), and Time Warner Cable (TWC).
Recent Price Movement:
The stock price has fallen 10.8% to $23.84 from $26.72 since August 4, 2011.
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