For its third fiscal quarter (ending September 30), EchoStar Corp (NASDAQ: SATS) has reported a -85% decline in E.P.S. from $0.27 a year ago to $0.04 in the current quarter. For the latest four quarters through September 30, E.P.S. were $1.11 versus $0.63 for the same period a year ago — an increase of 76%.
Recent Price Action
On 11/6/23, EchoStar Corp (NASDAQ: SATS) stock suffered a major decline of -31.3%, closing at $10.61. The stock has performed in line with the market over the last nine months and has declined -20.0% during the last week.
Current PriceTarget Research Rating
SATS is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
EchoStar has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. EchoStar has a very high Appreciation Score of 92 but a slightly negative Power Rating of 40, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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