DISH Network Stock Drops, Brushing Off Upbeat Quarterly Report

DISH reported earning on Monday, Feb. 22

Feb 23, 2021 at 10:16 AM
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DISH Network Corporation (NASDAQ:DISH) is an American television provider and the owner of the broadcast satellite provider DISH and Sling TV. The company has provided television entertainment in North and South America since the 80’s. This morning, the equity was last seen down 6.5% at $30.28.

Most recently, on Feb. 22, the company reported its fourth-quarter and full-year financial results. In its full year review, DISH reported a 2020 revenue of $15.49 billion and a net income of $1.76 billion, compared to $12.81 billion in revenues and $1.4 billion in net income for 2019.

With its latest earnings, DISH has now strung together three consecutive earnings beats. Its last earnings miss came in for the first quarter of 2020, when DISH missed analyst expectations by a margin of $0.44 and reported earnings of $0.13 per share. For the second quarter of 2020, DISH Network increased its EPS to $0.78 and beat estimates by a margin of $0.20. DISH increased its EPS to $0.86 for the third quarter of 2020, beating expectations by $0.16. In its latest quarterly earnings yesterday, DISH Network increased its earnings to $1.24 per share and beat earnings expectations by a margin of $0.50.

Zooming in on DISH,  the stock ended the trading day yesterday down 4.19% despite reporting upbeat earnings. DISH Network stock has nearly doubled from its 10-year low of $17.09, but remains down 18% from its Feb. 24 peak of $38.98.

Now might not be a bad time to weigh in on these options, either. The stock's Schaeffer's Volatility Index (SVI) of 62% stands higher than 14% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment. 

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