EchoStar Corporation shares jumped 4.9% in the latest session, outperforming the S&P 500’s 0.6% gain. Trading volume reached 1.2 million shares, roughly 30% above the 30-day daily average of 920,000. This uptick was driven by a flurry of institutional buying, with block trades accounting for nearly 40% of total volume, according to market data providers.

Despite the recent rally, consensus earnings estimates for EchoStar have been trimmed over the past month. Analysts now expect full-year adjusted EPS of $1.72, down 3% from the prior consensus of $1.78. Revenue forecasts for the next quarter have been cut by 2% to $1.05 billion, reflecting concerns over satellite services demand. Only one of the seven covering analysts has raised their target, while three have lowered theirs, suggesting tempered expectations for further share gains.