DISH Network (Nasdaq: DISH ) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), DISH Network met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Revenue details
DISH Network chalked up revenue of $3.58 billion. The 15 analysts polled by S&P Capital IQ wanted to see revenue of $3.61 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $3.22 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.80. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.71 per share. GAAP EPS of $0.80 for Q1 were 34% lower than the prior-year quarter's $1.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 41.1%, 30 basis points worse than the prior-year quarter. Operating margin was 16.0%, 390 basis points worse than the prior-year quarter. Net margin was 10.1%, 690 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $3.67 billion. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $14.54 billion. The average EPS estimate is $2.75.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 317 members out of 398 rating the stock outperform, and 81 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give DISH Network a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DISH Network is outperform, with an average price target of $33.75.
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