EchoStar Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
EchoStar Corporation (NASDAQ:SATS) is set to release its Q2 earnings on Aug. 9, with analysts expecting a quarterly loss of 25 cents per share and revenue of $3.98 billion. The company previously posted worse-than-expected Q1 results. Analysts from Morgan Stanley, JP Morgan, UBS, and Citigroup have maintained neutral ratings but adjusted their price targets.
August 09, 2024 | 12:34 am
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EchoStar is expected to report a Q2 loss of 25 cents per share and revenue of $3.98 billion. Analysts have maintained neutral ratings but adjusted price targets. The stock recently gained 3.2% to close at $20.08.
The expected Q2 loss and revenue projections, along with recent analyst ratings and price target adjustments, suggest a neutral short-term impact on EchoStar's stock price. The recent 3.2% gain indicates some positive sentiment, but the overall outlook remains cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100