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Echostar Corp. (SATS)
NASDAQ:SATS
Holding SATS?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.56Last Year’s EPS
-7.48Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 5.86%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The call highlighted significant achievements such as major financial transactions and network expansion, though it acknowledged challenges like revenue decline and negative cash flow. The company showed a strong commitment to restructuring and growth, suggesting a cautiously optimistic outlook.Company Guidance
In the third quarter of 2024, EchoStar provided detailed financial guidance and operational metrics during their earnings call. The company reported a revenue of $3.9 billion, marking a 5% decline year-over-year, primarily due to a decrease in subscribers. Their Operating Income Before Depreciation and Amortization (OIBDA) was $317 million, down by $49 million compared to the previous year, attributed to increased network operating costs and lower gross margins. EchoStar highlighted their financial discipline by maintaining positive operating free cash flow and reported a free cash flow of negative $219 million, which was an improvement of $295 million year-over-year, driven by a $451 million reduction in capital expenditure. The company also revealed significant restructuring transactions, including $2.5 billion in financing from TPG Angelo Gordon and DirecTV, a successful exchange offer for convertible notes, and $400 million from a PIPE facility, which collectively removed their going concern disclosure. Looking forward, EchoStar anticipates capital expenditures for the year to be about half of that in 2023, as they focus on maximizing shareholder value and preparing for future growth opportunities.Major Transactions Completed
EchoStar completed a series of transactions including $2.5 billion financing secured from TPG Angelo Gordon and DirecTV, a successful exchange offer for convertible notes, and $400 million in equity via a PIPE facility.
5G Network Expansion
Boost Mobile network now covers over 250 million Americans with 5G broadband and 208 million with 5G voice. The FCC approved an updated framework for their 5G network, aiming to cover 80% of the U.S. population by the end of the year.
Improvement in Retail Wireless Subscribers
Boost Mobile added 62,000 subscribers in Q3, excluding ACP impacts, achieving two consecutive quarters of net positive subscriber growth.
Recognition and Awards
Hughes was recognized as a leader in the Gartner Magic Quadrant for managed network services and named the 2024 Managed Security Service Provider of the Year by CyberSecurity Breakthrough.
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SATS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SATS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $26.13 | $22.76 | -12.90% |
| Aug 09, 2024 | $20.08 | $16.76 | -16.53% |
| May 08, 2024 | $17.35 | $15.44 | -11.01% |
| Nov 06, 2023 | $15.44 | $10.61 | -31.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Echostar Corp. (SATS) report earnings?
Echostar Corp. (SATS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Echostar Corp. (SATS) earnings time?
Echostar Corp. (SATS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SATS EPS forecast?
SATS EPS forecast for the fiscal quarter 2024 (Q4) is -0.56.
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