Markets

DISH Network (DISH) Tops Q4 Earnings, Misses on Revenues

DISH Network Corp.DISH declared mixed financial results in the fourth quarter of 2016 wherein the bottom line surpassed the Zacks Consensus Estimate while the top line lagged the same.

Quarterly net income came in at $342.7 million or 70 cents per share compared with a net loss of $125.3 million or a loss of 27 cents in the year-ago quarter. Earnings per share of 70 cents outpaced the Zacks Consensus Estimate of 66 cents.

FindTheCompany | Graphiq

Total revenue in the reported quarter was approximately $3,724.2 million, down 1.4% year over year lagging the Zacks Consensus Estimate of $3,753 million.

In 2016, segment-wise, subscriber-related revenues grossed $15,033.9 million, up 0.5% from 2015. Equipment sales & other revenues totaled $60.6 million, down 47.4% from 2015.

In 2016, operating expenses were $12,883.5 million, down 6.2% year over year. Operating income was $2,211.1 million compared with $1,332.4 million in 2015. EBITDA at the end of 2016 was $3,261.8 million compared with $2,588.3 million in 2015.

As of Dec 31, 2016, DISH Network had approximately 13.671 million pay-TV subscribers compared with 13.897 million at the end of 2015. The company gained 28,000 pay-TV subscribers in the reported quarter compared with a loss of 12,000 in the year-ago quarter.

In 2016, the company lost 43,000 broadband subscribers in the reported quarter compared with a gain of 46,000 in 2015. At the end of 2016, DISH Network had 580,000 broadband subscribers in comparison with 623,000 at the end of 2015.

Pay-TV churn rate in 2016 was 1.83% against 1.71% in 2015. Pay-TV ARPU (average revenue per user) was $88.66 compared with $86.79 in 2015. Pay-TV average subscriber acquisition cost was $643 against $723 in 2015.

In 2016, DISH Network generated $2,802.2 million of cash from operations compared with $2,436.1 million in 2015. Free cash flow in 2016 was $1,474.8 million compared with $1,321.7 million in 2015.

At the end of 2016, DISH Network had $5,359.3 million of cash and marketable securities and $16,478.9 million of outstanding debt on its balance sheet compared with $1,611.1 million and $13,755.9 million, respectively, at the end of 2015. The debt-to-capitalization ratio at 2016-end was 0.77 compared with 0.82 at 2015-end.

DISH Network Corporation Price, Consensus and EPS Surprise

DISH Network Corporation Price, Consensus and EPS Surprise | DISH Network Corporation Quote

DISH Network currently carries a Zacks Rank #4 (Sell). The company faces intense competition in the pay-TV market from rival players like AT&T Inc. T , Comcast Corp. CMCSA and Charter Communications Inc. CHTR .

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today's most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AT&T Inc. (T): Free Stock Analysis Report

DISH Network Corporation (DISH): Free Stock Analysis Report

Comcast Corporation (CMCSA): Free Stock Analysis Report

Charter Communications, Inc. (CHTR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CMCSA T DISH CHTR

Other Topics

Earnings Stocks