Advertisement
Singapore markets open in 6 hours 55 minutes

  • Straits Times Index

    3,415.51
    +47.61 (+1.41%)
     

  • S&P 500

    5,537.02
    +28.01 (+0.51%)
     

  • Dow

    39,308.00
    -23.85 (-0.06%)
     

  • Nasdaq

    18,188.30
    +159.54 (+0.88%)
     

  • Bitcoin USD

    60,282.09
    -1,798.12 (-2.90%)
     

  • CMC Crypto 200

    1,294.80
    -40.12 (-3.01%)
     

  • FTSE 100

    8,171.12
    +49.92 (+0.61%)
     

  • Gold

    2,369.40
    +36.00 (+1.54%)
     

  • Crude Oil

    83.32
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.3570
    -0.0790 (-1.78%)
     

  • Nikkei

    40,580.76
    +506.07 (+1.26%)
     

  • Hang Seng

    17,978.57
    +209.43 (+1.18%)
     

  • FTSE Bursa Malaysia

    1,615.32
    +17.36 (+1.09%)
     

  • Jakarta Composite Index

    7,196.75
    +71.61 (+1.01%)
     

  • PSE Index

    6,450.03
    +91.07 (+1.43%)
     

EchoStar (SATS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

EchoStar (SATS) reported $4.01 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 813.3%. EPS of -$0.40 for the same period compares to $0.38 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $4.07 billion, representing a surprise of -1.32%. The company delivered an EPS surprise of -135.29%, with the consensus EPS estimate being -$0.17.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how EchoStar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • DISH TV subscriber additions (losses), net: -213 thousand versus the two-analyst average estimate of -185 thousand.

  • Pay-TV subscriber additions (losses), net: -348 thousand versus -402 thousand estimated by two analysts on average.

  • SLING TV subscriber additions (losses), net: -135 thousand versus -217 thousand estimated by two analysts on average.

  • Revenue- Pay-TV: $2.73 billion compared to the $2.71 billion average estimate based on two analysts.

  • Revenue- Retail Wireless: $905.85 million compared to the $921.80 million average estimate based on two analysts.

  • Revenue- Eliminations: -$29.68 million versus -$22.50 million estimated by two analysts on average.

  • Revenue- Broadband and Satellite Services: $382.59 million versus the two-analyst average estimate of $423.06 million.

  • Revenue- 5G Network Deployment: $29.50 million versus $31.41 million estimated by two analysts on average.

View all Key Company Metrics for EchoStar here>>>

Shares of EchoStar have returned +27% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

EchoStar Corporation (SATS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research