EchoStar Q1 2024 GAAP EPS $(0.40) Misses $(0.01) Estimate, Sales $4.014B Miss $4.061B Estimate
Portfolio Pulse from Benzinga Newsdesk
EchoStar (NASDAQ:SATS) reported Q1 2024 GAAP EPS of $(0.40), significantly missing the $(0.01) estimate. Sales reached $4.014B, slightly below the $4.061B estimate but marking an 813.11% increase from the previous year.
May 08, 2024 | 10:14 am
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NEGATIVE IMPACT
EchoStar's Q1 2024 earnings significantly missed EPS estimates and slightly missed sales forecasts, despite a substantial year-over-year sales increase.
The significant miss on the EPS estimate and the slight miss on sales forecasts are likely to negatively impact investor sentiment in the short term. However, the substantial year-over-year sales growth may provide some positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100