EchoStar (SATS) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - EchoStar reported a quarterly loss of $1.06 per share, which was better than the Zacks Consensus Estimate of a loss of $1.12, but worse than a loss of $0.76 per share a year ago [1] - The company achieved an earnings surprise of +5.36% for the quarter, having previously reported a loss of $0.71 per share against an expectation of $0.9 per share, resulting in a surprise of +21.11% [2] - Revenues for the quarter were $3.72 billion, missing the Zacks Consensus Estimate by 2.87%, and down from $3.95 billion year-over-year [3] Stock Performance - EchoStar shares have increased by approximately 42.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.8% [4] - The current consensus EPS estimate for the upcoming quarter is -$1.29 on revenues of $3.82 billion, and for the current fiscal year, it is -$4.30 on revenues of $15.4 billion [8] Industry Outlook - The Satellite and Communication industry, to which EchoStar belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, indicating potential challenges ahead [9] - Telesat, another company in the same industry, is expected to report a quarterly loss of $0.69 per share, reflecting a year-over-year change of +76%, with revenues anticipated to be $79.05 million, down 29.1% from the previous year [10][11]