DISH Network Corporation will unveil its latest earnings on Thursday, February 23, 2012. DISH Network, together with its subsidiaries, operates the DISH Network television service, which provides a direct broadcast satellite subscription television service in the United States.
DISH Network Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 61 cents per share, a rise of 8.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $3.30 per share, a rise of 50% from last year.
Past Earnings Performance: The company has missed estimates in the last two quarters. In the third quarter, it missed the mark by one cent as a result of reporting net income of 71 cents against an estimate of profit of 72 cents per share. In the second quarter, the company fell short of forecasts by 2 cents.
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Wall St. Revenue Expectations: On average, analysts predict $3.62 billion in revenue this quarter, a rise of 12.8% from the year-ago quarter. Analysts are forecasting total revenue of $14.05 billion for the year, a rise of 11.2% from last year’s revenue of $12.64 billion.
Analyst Ratings: Optimism surrounds DISH Network, as seven analysts rate it as a buy, one rates it as a sell, and six rate it as a hold.
A Look Back: In the third quarter, profit rose 30.3% to $319.1 million (71 cents a share) from $245 million (55 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 12.3% to $3.6 billion from $3.21 billion.
Key Stats:
DISH Network’s net income rise has increased in each of the last three quarters. Net income rose 30.3% in the second quarter and more than twofold in the first quarter.
For four quarters in a row, revenue has increased. Revenue rose 13.3% in the second quarter from the year earlier, climbed 5.5% in the first quarter from the year-ago quarter and 8.2% in the fourth quarter of the last fiscal year.
Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $5.43 (23%), from $23.59 to $29.02. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011, when shares rose for eight straight days, increasing 17% (+$3.70) over that span. It saw one of its worst periods between October 26, 2011 and November 4, 2011 when shares fell for eight straight days, dropping 9.6% (-$2.31) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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