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How Is Dish Network Stock Performing?

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May. 8 2019, Published 4:16 p.m. ET

DISH’s price performance

Dish Network (DISH) stock has risen 38.5% on a YTD (year-to-date) basis as of May 7. Dish is performing better than most of its media peers, including the Walt Disney Company, Comcast, Netflix, and CBS, which have returned 21.7%, 26.3%, 38.4%, and 11.3%, respectively, YTD.

Dish Network reported mixed results for the first quarter of 2019 on May 3. It reported revenue that was in line with analysts’ estimates, but its earnings missed estimates. The US satellite TV provider also reported higher-than-expected pay-TV subscriber losses in the first quarter. Nevertheless, some analysts are still optimistic about the stock, as they expect the cable company to reduce its video customer losses in the second half of the year.

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Dish Network’s earnings and revenue 

Dish Network posted adjusted EPS of $0.65 in the first quarter, lower than analysts’ estimate of $0.66 and its previous year’s EPS of $0.70. The 7.1% YoY (year-over-year) fall in the company’s earnings was the result of a fall in its revenue as well as a loss of satellite service subscribers in the quarter.

Dish Network delivered revenue of $3.19 billion in the first quarter, but it fell ~8% YoY. The company lost 259,000 pay-TV subscribers in the first quarter of 2019, more than its expected loss of 242,000 subscribers, which added to its revenue decline. Its losses were more than double the losses of 94,000 subscribers it saw in the previous year’s quarter.

The company’s ongoing carriage dispute with AT&T’s HBO has also weighed on its gains. Dish subscribers haven’t been able to view HBO for the past five months due to a dispute related to carriage fees.

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