Worth Watching Stock: Dish Network Corp. (NASDAQ:DISH)

Dish Network Corp. (NASDAQ:DISH) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $0.84 per share on revenue of $3.79B. Analysts had been modeling earning per share of $0.62 with $3.8B in revenue.

Dish Network Corp. (NASDAQ:DISH) reported revenue totaling $3.79 billion for the quarter ending March 31, 2016, compared to $3.72 billion for the corresponding period in 2015. Subscriber-related revenue increased to $3.78 billion from $3.7 billion in the year-ago period.

Net income attributable to DISH Network totaled $389 million for the quarter ending March 31, 2016, compared to net income of $351 million from the year-ago quarter. Diluted earnings per share for the quarter ending March 31, 2016 were $0.84, compared with $0.76 during the same period in 2015.

DISH includes all of its Sling TV subscribers in the company’s total Pay-TV metrics, including in the Pay-TV subscriber, Pay-TV ARPU and Pay-TV churn rate numbers set forth below. Sling TV subscribers are reported net of disconnects in our gross new Pay-TV subscriber activations.

In the first quarter, DISH activated approximately 657,000 gross new Pay-TV subscribers, compared to approximately 723,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined approximately 23,000 in the first quarter, compared to a gain of approximately 35,000 in the first quarter 2015.

The company closed the first quarter with 13.874 million Pay-TV subscribers, compared to 14.013 million Pay-TV subscribers at the end of first quarter 2015.

Dish Network Corp. earnings per share showed a decreasing trend of -21.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 271%.Analysts project EPS decline over the next 5 years at -3.36%. It has EPS annual decline over the past 5 fiscal years of -6.1% when sales grew 3.6. It reported 1.7% sales growth, and 10.1% EPS growth in the last quarter.

The stock is trading at $49.9, up 28.44% from 52-week low of $38.85. The stock trades down -34.59% from its peak of $76.29 and 44.49% above the consensus price target of $72.1. Its volume clocked up at 2.62 million shares which is higher than the average volume of 2.56 million shares. Its market capitalization currently stands at $22.75B.