EchoStar Corp reports results for the quarter ended June 30 - Earnings Summary

• EchoStar Corp SATS reported a quarterly adjusted loss of $1.06​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -76 cents. The mean expectation of seven analysts for the quarter was for a loss of 100 cents per share. Wall Street expected results to range from $-1.21 to -84 cents per share.

• Revenue fell 5.8% to $3.72 billion from a year ago; analysts expected $3.82 billion.

• EchoStar Corp's reported EPS for the quarter was a loss of $1.06​.

• The company reported a quarterly loss of $306.13 million.

• EchoStar Corp shares had risen by 17.7% this quarter and gained 42.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.2% 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 $28.00, about 16.4% below its last closing price of $32.59

This summary was machine generated from LSEG data August 1 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)