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Tuesday, February 21, 2023

DISH Network (DISH) to Report Q4 Earnings: What's in Store? - Yahoo Finance

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DISH Network DISH is set to report fourth-quarter 2022 results on Feb 23.

For the quarter, the Zacks Consensus Estimate for revenues is pegged at $4.14 billion, suggesting a decline of 6.93% from the figure reported in the year-ago quarter.

The consensus mark for fourth-quarter earnings has been unchanged in the past 30 days at 47 cents, indicating a decline of 45.98% from the year-ago quarter’s reported figure.

The company’s earnings beat the Zacks Consensus Estimate in three of the past four quarters and missed once. DISH delivered a trailing four-quarter earnings surprise of 10.83%, on average.

DISH’s fourth-quarter results are expected to reflect the negative impacts of intense and increasing competition in the Pay-TV market, as well as cord-cutting. This has resulted in a continuous decline in subscriber acquisition and retention in the past four quarters.

DISH Network Corporation Price and EPS Surprise

DISH Network Corporation Price and EPS Surprise
DISH Network Corporation Price and EPS Surprise

DISH Network Corporation price-eps-surprise | DISH Network Corporation Quote

Pay-TV subscribers declined over the last four quarters. In the third quarter, DISH TV subscribers declined 9.7% year over year to 7.607 million. Sling TV subscribers decreased 5.7% year over year to 2.411 million.

Wireless subscribers at the end of the third quarter were 8.007 million, down 8.7% year over year. The rapid deceleration of subscribers is expected to have continued in the fourth quarter too.

What Our Model Says

Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.

DISH currently has an Earnings ESP of -16.43% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:

Churchill Downs CHDN has an Earnings ESP of +15.84% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

CHDN shares have gained 13.1% in the past year. Churchill Downs is set to report fourth-quarter 2022 results on Feb 22.

IMAX Corporation IMAX has an Earnings ESP of +13.33% and a Zacks Rank #2 at present.

IMAX shares have lost 16.8% in the past year. IMAX is set to report fourth-quarter 2022 results on Feb 22.

AMC Entertainment AMC currently has an Earnings ESP of +8.86% and a Zacks Rank #3.

AMC shares have lost 70.7% in the past year. AMC Entertainment is set to report fourth-quarter 2022 results on Feb 28.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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

DISH Network Corporation (DISH) : Free Stock Analysis Report

IMAX Corporation (IMAX) : Free Stock Analysis Report

Churchill Downs, Incorporated (CHDN) : Free Stock Analysis Report

AMC Entertainment Holdings, Inc. (AMC) : Free Stock Analysis Report

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"dish" - Google News
February 22, 2023 at 12:01AM
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DISH Network (DISH) to Report Q4 Earnings: What's in Store? - Yahoo Finance
"dish" - Google News
https://ift.tt/g69WrHZ

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