Sirius XM Radio Inc. Third Quarter Earnings Sneak Peek

Wall St. Cheat Sheet

Sirius XM Radio Inc. will unveil its latest earnings on Tuesday, November 1, 2011. SIRIUS XM Radio broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its proprietary satellite radio systems: the SIRIUS system and the XM system.

Sirius XM Radio Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of one cent per share, a decline of 50% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 2 cents during the last month. For the year, analysts are projecting profit of 6 cents per share, a rise of 50% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported net income of 3 cents per share versus a mean estimate of one cent. Two quarters ago, it reported profit of one cent per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.8% in revenue from the year-earlier quarter to $764.2 million.

Analyst Ratings: four out of six analysts surveyed (66.7%) have a buy rating on Sirius XM Radio.. This is below the mean analyst rating of 10 competitors, which average 73.1% buy ratings.

A Look Back: In the second quarter, profit rose 1034.9% to $173.3 million (3 cents a share) from $15.3 million (0 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.4% to $744.4 million from $699.8 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 9% in the first quarter from the year earlier, climbed 8.8% in the fourth quarter of the last fiscal year from the year-ago quarter and 16% in the third quarter of the last fiscal year.

Competitors to Watch: Westwood One, Inc. , Entercom Communications Corp. , Cumulus Media Inc. , Emmis Communications Corp. , Radio One, Inc. , CBS Corporation , Disney , Time Warner , Grupo Radio Centro SAB de CV , Salem Communications Corp and Saga Communications, Inc. .

Stock Price Performance: During August 2, 2011 to October 26, 2011, the stock price had fallen 28 cents (-13.5%) from $2.07 to $1.79. The stock price saw one of its best stretches over the last year between October 5, 2011 and October 14, 2011 when shares rose for eight-straight days, rising 22.4% (+33 cents) over that span. It saw one of its worst periods between January 3, 2011 and January 13, 2011 when shares fell for nine-straight days, falling 9.5% (-16 cents) over that span. Shares are up 16 cents (+9.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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