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DISH Network (DISH) Q4 Earnings Beat, Revenues Decline Y/Y
DISH Network’s fourth-quarter 2021 earnings of 87 cents per share beat the Zacks Consensus Estimate by 2.4% but decreased 29.8% year over year.
Revenues decreased 2.4% year over year to $4.45 billion but lagged the consensus mark by 0.4%.
As of Dec 31, 2021, DISH had 10.707 million Pay-TV subscribers in the United States, including 8.221 million DISH TV subscribers and 2.486 million SLING TV subscribers.
Net Pay-TV subscribers decreased by roughly 273,000 in the fourth quarter compared with a decrease of roughly 133,000 in the year-ago quarter.
Pay-TV average revenue per user increased 4.5% year over year to $95.94.
DISH Network Corporation Price
DISH Network Corporation price | DISH Network Corporation Quote
DISH TV’s churn rate was 1.40%, up 20 basis points on a year-over-year basis.
DISH TV’s subscriber acquisition cost decreased 3.3% year over year to $823.
Retail wireless net subscribers decreased by roughly 245,000 in the reported quarter compared with a net decrease of 363,000 in the year-ago quarter.
DISH closed the quarter with 8.55 million retail wireless subscribers.
Balance Sheet
As of Dec 31, 2021, DISH Network had cash, cash equivalents and current marketable investment securities of $5.40 billion compared with $5.25 billion as of Sep 30, 2021.
Total debt, as of Dec 31, 2021, was $21.42 billion compared with $16.20 billion as of Sep 30, 2021.
Zacks Rank & Stocks to Consider
DISH currently has a Zacks Rank #3 (Hold).
Xponential Fitness (XPOF - Free Report) , Nike (NKE - Free Report) and Caleres (CAL - Free Report) are some better-ranked stocks in the broader Consumer & Discretionary sector.
While Xponential Fitness sports a Zacks Rank #1 (Strong Buy), both Nike and Caleres carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Xponential Fitness is set to report its fourth-quarter 2021 results on Mar 3, 2022. The stock has declined 3.8% year to date.
Nike is set to report its third-quarter fiscal 2022 results on Mar 21, 2022. The stock has declined 17.9% year to date.
Caleres is likely to report fourth-quarter 2021 results on Mar 15. The stock has declined 10.6% year to date.