Earnings Preview For EchoStar
Portfolio Pulse from Benzinga Insights
EchoStar (NASDAQ:SATS) is scheduled to release its quarterly earnings report on March 1, 2024, with analysts expecting an EPS of $-0.10. Despite past earnings misses, the focus will be on the company's guidance for future growth. EchoStar's stock performance has been negative over the last year, with a 34.08% decline, indicating bearish sentiment among long-term shareholders.
February 29, 2024 | 2:00 pm
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EchoStar is expected to report an EPS of $-0.10 for the latest quarter. Investors and analysts will closely watch the company's guidance for future growth, especially given its past performance and the 34.08% decline in stock price over the last year.
The expected EPS of $-0.10 and the company's guidance for future quarters are crucial for short-term stock movement. Given the historical context of stock price reaction to earnings reports and guidance, the immediate impact on SATS's stock price could be neutral. The stock's recent performance indicates bearish sentiment, but the actual earnings outcome and forward-looking statements could sway investor sentiment either positively or negatively.
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