Group 1 - The article emphasizes the importance of the aerospace, defense, and airline sectors as areas with significant growth prospects for investment opportunities [1] - The investing group, The Aerospace Forum, focuses on discovering investment opportunities in these industries and provides data-informed analysis to support investment theses [1] - The analyst has a background in aerospace engineering, which aids in providing context to industry developments and their potential impact on investments [1] Group 2 - The article mentions that the analyst does not hold any stock or derivative positions in the companies discussed, ensuring an unbiased perspective [1] - The investing group offers access to data analytics monitors, enhancing the research capabilities for investors in the aerospace sector [1]

Satellite TV giant DirecTV called off its deal with Charlie Ergen’s EchoStar to acquire rival Dish TV and other assets. The deal would have created one of the largest pay TV distributors in the country with a combined 20 million subscribers. As part of the deal, DirecTV was set to pay EchoStar $1 for the pay TV buisness called Dish DBS, which included Dish and Sling, as well as the assumption of about $9.75 billion of Dish’s debt.In addition, Dish bondholders had to agree to exchange their debt for new debt ...

$6.5M Contract Will Support Open RAN with a RAN Intelligent Controller (RIC) Experimentation for U.S. Department of DefenseDENVER, Nov. 19, 2024 /PRNewswire/ -- EchoStar Corporation, (Nasdaq: SATS) today shared that its subsidiary Hughes Network Systems, LLC, was awarded a $6.5 million contract to deploy a 5G Open Radio Access Network (ORAN) prototype at Fort Bliss in El Paso, Texas. The network will feature a RAN Intelligent Controller (RIC), which will allow the U.S. Department of Defense (DoD) to test RI ...

Partnership builds on decade-long relationship with 4-H to inspire young people's interest in STEM through engaging, high quality educational content GERMANTOWN, Md., Nov. 14, 2024 /PRNewswire/ -- Hughes Network Systems, LLC, an EchoStar company (Nasdaq: SATS), today announced a partnership with National 4-H to provide local 4-H, Boys & Girls Clubs, Inc, and YMCA locations based in rural and underserved communities throughout America with STEM Challenge kits. These STEM Challenge kits include innovative han ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...

Core Viewpoint - EchoStar Corporation (SATS) reported a wider non-GAAP loss in Q3 2024 compared to the previous year, missing consensus estimates significantly [1][2]. Financial Performance - The company reported revenues of $3.9 billion for the quarter, a decrease of 5% year over year, and missed the consensus mark by 1.5% [2]. - The non-GAAP loss was 52 cents per share, compared to a loss of 51 cents in the prior-year quarter, which was 85.7% wider than the Zacks Consensus Estimate of a loss of 28 cents [1][2]. - Operating income before depreciation and amortization (OIBDA) was $316.7 million, down from $365.9 million in the year-ago quarter [8]. Subscriber Metrics - Pay-TV segment revenues decreased by 6.7% year over year to $2.62 billion, with a net decline of approximately 43,000 subscribers, an improvement from the loss of 64,000 subscribers in the previous year's quarter [3][4]. - The total number of pay-TV subscribers is now 8.03 million, including 5.89 million DISH TV and 2.14 million SLING TV customers [4]. - Retail Wireless ended the quarter with 6.98 million subscribers, reporting net sales of $896 million, a slight increase of 0.5% year over year [5]. - Broadband and Satellite Services revenues were $386.7 million, down from $413 million in the prior-year quarter, with a net loss of 43,000 subscribers [6]. Segment Performance - The Retail Wireless segment experienced a net decrease of nearly 297,000 subscribers, compared to a decline of 225,000 in the year-ago period, attributed to reduced churn rates [5]. - OIBDA for Broadband and Satellite Services was $77.5 million, down 31.4% year over year, while OIBDA loss for Retail Wireless improved to $90.8 million from a loss of $105.6 million in the prior-year period [9]. - Net sales from 5G Network Deployment increased to $43.2 million from $29.9 million a year ago [7]. Balance Sheet - As of September 30, 2024, SATS had total cash and cash equivalents of $622.6 million, up from $419.2 million as of June 30, 2024 [10]. - For the nine months ended September 2024, SATS generated $1.2 billion of cash from operating activities, compared to $2.02 billion in the year-ago period [10].

Core Points - DirecTV is terminating its acquisition of Dish assets due to bondholders rejecting the proposed debt offer [2][3][4] - The acquisition was contingent on a successful exchange of Dish's debt, which did not occur [2][3] - DirecTV was set to assume approximately $10 billion in Dish debt and pay $1 for Dish DBS, which includes Dish and Sling TV [3] Financial Implications - The rejection of the revised offer by bondholders, who represent a significant portion of Dish's creditor base, puts Dish in a precarious financial situation [4] - EchoStar, Dish's parent company, reported disappointing earnings, leading to a nearly 13% drop in its shares [4]

Core Insights - EchoStar reported $3.89 billion in revenue for Q3 2024, marking an 842% year-over-year increase, but the EPS was -$0.52 compared to $0.15 a year ago, indicating a significant decline in profitability [1] - The revenue fell short of the Zacks Consensus Estimate of $3.95 billion by 1.47%, and the EPS also missed the consensus estimate of -$0.28 by 85.71% [1] Revenue and Subscriber Metrics - SLING TV added a net of 145 thousand subscribers, exceeding the average estimate of 125 thousand [3] - Pay-TV lost a net of 43 thousand subscribers, better than the average estimate of -52.5 thousand [3] - Revenue from Pay-TV was $2.62 billion, slightly below the average estimate of $2.69 billion [3] - Retail Wireless revenue was $895.95 million, compared to the average estimate of $925 million [3] - Revenue from Eliminations was -$52.93 million, worse than the average estimate of -$17.64 million [3] - Broadband and Satellite Services revenue was $386.71 million, surpassing the average estimate of $371.59 million [3] - Revenue from 5G Network Deployment was $43.23 million, significantly lower than the average estimate of $67.16 million [3] Stock Performance - EchoStar shares have returned +3.9% over the past month, outperforming the Zacks S&P 500 composite's +3.3% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

EchoStar (SATS) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -85.71%. A quarter ago, it was expected that this seller of set-top boxes and provider of satellite services to Dish Network would post a loss of $0.37 per share when it actually produced a loss of $0.76, delivering a surpris ...

Core Insights - EchoStar Corporation reported a significant decline in total revenue and a net loss for the first nine months of 2024 compared to the same period in 2023, indicating challenges in its financial performance [2][3]. Financial Performance - Total revenue for the nine months ended September 30, 2024, was $11.86 billion, down from $12.85 billion in the previous year, representing a decrease of approximately 8% [2]. - The net loss attributable to EchoStar for the first three quarters of 2024 was $454.78 million, compared to a net income of $327.83 million in the same period last year [2]. - Diluted loss per share was $1.67, a significant drop from earnings per share of $1.06 in the prior year [2]. - Consolidated OIBDA for the nine months ended September 30, 2024, was $1.23 billion, down from $1.69 billion in the year-ago period [2]. Subscriber Metrics - The company experienced a net decrease of approximately 43,000 Pay-TV subscribers in Q3 2024, an improvement from a loss of 64,000 in Q3 2023 [3]. - Sling TV subscribers increased by 145,000 in Q3 2024, compared to an increase of 117,000 in the same quarter last year [3]. - Retail Wireless subscribers, excluding Affordable Connectivity Program (ACP) subscribers, increased by approximately 62,000 in Q3 2024, while net Retail Wireless subscribers decreased by approximately 297,000 [3]. - Broadband Satellite subscribers decreased by approximately 43,000 in Q3 2024, a smaller loss compared to 59,000 in the year-ago quarter [3]. Segment Results - For the three months ended September 30, 2024, Pay-TV revenue was $2.62 billion, down from $2.81 billion in Q3 2023 [4]. - Retail Wireless revenue was $895.95 million, slightly up from $890.98 million in the previous year [4]. - 5G Network Deployment revenue increased to $43.23 million from $29.92 million year-over-year [4]. - Broadband and Satellite Services revenue decreased to $386.71 million from $413.07 million in the same quarter last year [4]. Strategic Developments - EchoStar announced transformative transactions aimed at disrupting the wireless and pay-TV industries, including securing approximately $5.2 billion in additional financing [2]. - The company agreed to sell its pay-TV business to DIRECTV, pending successful completion of an ongoing exchange and other closing conditions [2].