For the current quarter, the 19.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.72 a share, which would compare with $0.70 in the same quarter last year. They have a high estimate of $0.84 and a low estimate of $0.47. Revenue for the period is expected to total nearly $3.86B from $3.83B the year-ago period.
For the full year, 22.00 Wall Street analysts forecast this company would deliver earnings of 2.84 per share, with a high estimate of $3.23 and a low estimate of $2.10. It had reported earnings per share of $2.74 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $15.23B versus 15.07B in the preceding year.
The analysts project the company to maintain annual growth of around -3.36% percent over the next five years as compared to an average growth rate of 15.16% percent expected for its competitors in the same industry.
Among the 21 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for DISH is $72.10 but some analysts are projecting the price to go as high as $183.00. If the optimistic analysts are correct, that represents a 231 percent upside potential from the recent closing price of $55.36. Some sell-side analysts, particularly the bearish ones, have called for $40.00 price targets on shares of DISH Network Corp (NASDAQ:DISH) .
In the last reported results, the company reported earnings of $0.70 per share, while analysts were calling for share earnings of $0.45. It was an earnings surprise of 55.60%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates through two segments, DISH and Wireless. The company provides video services under the DISH brand. It also offers programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming. In addition, the company provides access to movies and TV shows via TV or Internet-connected tablets, smartphones, and computers; and dishanywhere.com and mobile applications for smartphones and tablets to view authorized content, search program listings, and remotely control certain features. Further, it offers Sling TV services that require an Internet connection and are available on streaming-capable devices, including TVs, tablets, computers, game consoles, and smart phones primarily to consumers who do not subscribe to traditional satellite and cable pay-TV services. Additionally, the company operates Sling International that offers over 200 channels in 18 languages; and Sling domestic package that consists over 20 channels and tiers of programming, including sports, kids, movies, world news, lifestyle and Spanish language, and premium content, such as HBO. Further, it offers Sling Latino service; and satellite broadband services, wireline voice, and broadband services under the dishNET brand. Additionally, the company has wireless spectrum licenses and related assets. As of December 31, 2015, it had 13.897 million Pay-TV subscribers. The company offers receiver systems and programming through direct sales channels, small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado.
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