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

• EchoStar Corp SATS.OQ reported a quarterly adjusted loss of 71 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -40 cents. The mean expectation of five analysts for the quarter was for a loss of 88 cents per share. Wall Street expected results to range from $-1.18 to -55 cents per share.

• Revenue fell 3.6% to $3.87 billion from a year ago; analysts expected $3.87 billion.

• EchoStar Corp's reported EPS for the quarter was a loss of 71 cents​.

• The company reported a quarterly loss of $202.67 million.

• EchoStar Corp shares had fallen by 6.8% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $27.50

This summary was machine generated from LSEG data May 9 at 01:31 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)