Yahoo Finance DISH Network (DISH) Q4 Earnings Beat, Revenues Down Y/Y
DISH Network DISH reported fourth-quarter 2019 earnings of 69 cents per share, beating the Zacks Consensus Estimate by 11.3%. The figure increased 7.8% year over year.
Revenues declined 2.1% year over year to $3.24 billion but surpassed the consensus mark by 2.4%.
DISH exited the reported quarter with 9.394 million DISH TV subscribers, down 5.2% year over year, and 2.592 million Sling TV subscribers, up 7.2%. Total Pay-TV subscribers were 11.986 million, down 2.7% year over year.
DISH shares were up 2.1% in pre-market trading.
Quarter Details
DISH lost 194K net Pay-TV subscribers in the reported quarter. The company had lost roughly 334K net Pay-TV subscribers in the year-ago quarter.
Moreover, DISH lost 94K net Sling TV subscribers in the fourth quarter against 47K added in the year-ago quarter.
However, Pay-TV ARPU climbed 1.7% year over year to $87.02. Additionally, the churn rate was 1.56% compared with the year-ago quarter’s 2.07%.
DISH TV SAC was $850, down 1.3% year over year.
Balance Sheet
As of Dec 31, 2019, cash, cash equivalents and current marketable investment securities were $2.86 billion compared with $1.66 billion, as of Sep 30, 2019.
Zacks Rank & Stocks to Consider
DISH currently carries a Zacks Rank #3 (Hold).
TEGNA TGNA, Gray Television GTN and Netflix NFLX are some better-ranked stocks in the broader Consumer Discretionary sector. While TEGNA and Gray Television sport a Zacks Rank #1 (Strong Buy), Netflix has a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for both TEGNA and Gray Television is pegged at 10%, while Netflix is expected to grow at 30%.
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Click to get this free report DISH Network Corporation (DISH) : Free Stock Analysis Report Netflix, Inc. (NFLX) : Free Stock Analysis Report Gray Television, Inc. (GTN) : Free Stock Analysis Report TEGNA Inc. (TGNA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research