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DISH Network (DISH) Tops Q4 Earnings Lags Revenues

DISH Network Corp.  DISH 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. Persistent loss of subscribers remains a potent headwind for DISH Network.  Escalating programming and content expenses as well as retransmission fees may also hurt the company’s margins.

We are, however, impressed by DISH Network’s efforts to diversify its business model from being a pure-play satellite-TV operator to an Internet TV operator should help the company counter competitive threat from low-cost video streaming operators.

DISH Network currently carries a Zacks Rank #4 (Sell). The company is the second largest satellite TV operators in the U.S., after DIRECTV, controlled by AT&T Inc. T. Notably, AT&T currently sports a Zacks Rank #3 (Hold). You can see  the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

DISH Network has generated a positive average earnings surprise of a substantial 114.39% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DISH Network has surpassed Q4 2016 earnings estimate. Our consensus earnings estimate called for an EPS (earnings per share) of 66 cents and the company reported EPS was 70 cents. Investors should note that these figures take out stock option expenses.

Revenue:   DISH Network reported total revenue of $3,724.2 million lagging our estimate of $3,753 million.

Key States to Note:    In the reported quarter, DISH Network gained 28,000 pay-TV (including satellite TV and Sling TV) customers. At 2016-end, the company had 13.671 million pay-TV subscribers, down 1.6% year over year. The company also lost 43,000 high-speed broadband subscribers in 2016.

In 2016, Pay-TV churn rate was 1.83% compared with 1.73% in 2015. Pay-TV ARPU (average revenue per user) was $88.66 compared with $86.79 in 2015. Pay-TV average subscriber acquisition cost was $643 compared with $723 in 2015.

DISH Network Corporation Price and EPS Surprise

 

DISH Network Corporation Price and EPS Surprise | DISH Network Corporation Quote

Check back later for our full write up on this DISH Network earnings report later! 

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