DISH Network To Report Q4 Earnings: What's In Store?
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DISH Network’s (DISH - Free Report) fourth-quarter 2020 results are expected to reflect the negative impact of persistent subscriber loss due to stiff competition and cord-cutting in the Pay-TV industry.
For the fourth quarter, the Zacks Consensus Estimate for revenues is currently at $4.5 billion, suggesting 39.9% growth from the figure reported in the year-ago quarter.
Moreover, the consensus mark for fourth-quarter earnings has gone south 1.3% to 75 cents per share in the past 30 days. The figure indicates growth of 8.7% from the year-ago quarter’s reported figure.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing the same in one. It has a trailing four-quarter negative earnings surprise of 0.18%, on average.
Let’s see how things are shaping up for this announcement.
DISH Network Corporation Price and EPS Surprise
DISH Network Corporation price-eps-surprise | DISH Network Corporation Quote
Factors to Consider
The coronavirus-induced economic slowdown is expected to have affected the Pay-TV subscriber addition rate, particularly commercial accounts, including disruptions in the hospitality and airline industries in the to-be-reported quarter.
Notably, this Zacks Rank #4 (Sell) company exited the third quarter with 11.423 million DISH TV subscribers, down 5.6%, and 2.458 million Sling TV subscribers, down 8.5%. Total Pay-TV subscribers were 11.423 million, down 6.2% year over year.
During the fourth quarter, DISH reached a new multi-year carriage agreement with Nexstar Media Group (NXST - Free Report) to contain subscriber loss. Per the deal, local stations and WGN America have been immediately restored on DISH TV
Additionally, the bottom-line performance is likely to reflect higher programming and content expenses along with retransmission fees.
Nonetheless, wireless business subscriber addition and expanding partner base in the to-be-reported quarter is expected to have boosted the company’s 5G prospects.
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