EchoStar Corp reports results for the quarter ended December 31 - Earnings Summary

• EchoStar Corp SATS.OQ reported quarterly adjusted earnings of $1.23​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -87 cents. The mean expectation of seven analysts for the quarter was for a loss of 55 cents per share. Wall Street expected results to range from -82 cents to -30 cents per share.

• Revenue fell 4.7% to $3.97 billion from a year ago; analysts expected $3.93 billion.

• EchoStar Corp's reported EPS for the quarter was $1.23​.

• The company reported quarterly net income of $335.23 million.

• EchoStar Corp shares had risen by 26.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the wireless telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for EchoStar Corp is $27.00

This summary was machine generated from LSEG data February 27 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)