DISH Network To Report Q3 Earnings: What's In Store?

Image: Bigstock

DISH Network (DISH - Free Report) is set to report third-quarter 2022 results on Nov 2.

For the quarter, the Zacks Consensus Estimate for revenues is currently pegged at $4.15 billion, suggesting a decline of 6.75% from the figure reported in the year-ago quarter.

The consensus mark for third-quarter earnings has been unchanged in the past 30 days at 55 cents, indicating a decline of 37.50% from the year-ago quarter’s reported figure.

The company’s earnings beat the Zacks Consensus Estimate in two of the last four quarters while missing twice. DISH delivered a trailing four-quarter earnings surprise of 6.01%, on average.

DISH Network Corporation Price and EPS Surprise

DISH Network Corporation Price and EPS Surprise

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

Factors to Consider

DISH’s third-quarter results are expected to have been negatively impacted by intense and increasing competition from providers of video, broadband and wireless services. This has resulted in continuously decreasing subscriber acquisition and retention in the last four quarters. The trend is expected to have continued in the third quarter.

Pay-TV subscribers declined over the last four quarters gradually. In the second quarter, subscribers totaled 9.988 million, down approximately by 257,000 year over year.

Retail wireless net subscribers also decreased by approximately 210,000 in the second quarter compared with a net decrease of 201,000 in the year-ago quarter. The rapid deceleration of subscribers is expected to have continued in the third quarter too.

However, even though DISH’s Pay-TV business is continuously losing subscribers mainly due to cord-cutting, the company’s strategic plan to acquire and retain subscribers is likely to have helped it fend off a falling subscriber base in the third quarter.

Also, Warner Bros. Discovery (WBD - Free Report) entered into an agreement with Dish Network that discover+ will be available to DISH’s both SLING TV and DISH TV customers.

WBD’s discover+ platform has 70,000+ episodes of content, including exclusive original series, which will be available in SLING. This is expected to have helped in containing the falling subscriber base in the third quarter.

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 0.00% and a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

More By This Author:

Sysco Q1 Earnings Lag Estimates, Sales Increase Y/Y
Eli Lilly Q3 Earnings And Revenues Beat Estimates
Pfizer Q3 Earnings And Revenues Top Estimates

Disclosure: contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.