From Nasdaq:

EchoStar (SATS) shares rallied 31.5% in the last trading session to close at $16.65, a move notable for the higher number of shares being traded. This increase can be attributed to strategic moves resulting from the merger with DISH Network Corporation, leading to enhanced financial and operating flexibility.

The company expects to post quarterly earnings of $0.21 per share with revenues of $469 million, representing a year-over-year change of -64.4% and -6.2% respectively. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, raising the question of whether this recent jump in stock price will endure.

Another player in the same industry, Iridium Communications (IRDM), is expected to report a change of +400% in earnings per share from a year ago. This explosive growth in the AI sector presents an opportunity for further analysis and investment in the industry.

Zacks Investment Research is providing readers with a bonus report on a “sleeper” stock in the Artificial Intelligence sector. This sector is expected to have a significant economic impact by 2030, presenting an opportunity for potential investment growth. Download the free ChatGPT Stock report for more information on this and other recommended stocks in the present market.



Read more: EchoStar (SATS) Moves 31.5% Higher: Will This Strength Last?