EchoStar (SATS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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]