Earnings Preview For EchoStar

EchoStar (NASDAQ:SATS) is set to give its latest quarterly earnings report on Tuesday, 2024-11-12. Here's what investors need to know before the announcement.

Analysts estimate that EchoStar will report an earnings per share (EPS) of $-0.40.

EchoStar bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

During the last quarter, the company reported an EPS missed by $0.59, leading to a 0.0% drop in the share price on the subsequent day.

Here's a look at EchoStar's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.17

-0.14

-0.10

0.14

EPS Actual

-0.76

-0.40

1.21

0.04

Price Change %

-17.0%

1.0%

1.0%

0.0%

Market Performance of EchoStar's Stock

Shares of EchoStar were trading at $25.81 as of November 08. Over the last 52-week period, shares are up 156.15%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on EchoStar

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on EchoStar.

Analysts have given EchoStar a total of 2 ratings, with the consensus rating being Neutral. The average one-year price target is $17.5, indicating a potential 32.2% downside.

Analyzing Analyst Ratings Among Peers

This comparison ...