Sirius XM (SIRI) to Report Q2 Earnings: What's in Store?

Core Viewpoint - Sirius XM (SIRI) is expected to report second-quarter 2024 earnings on August 1, with earnings per share estimated at 8 cents, unchanged from the previous year, and revenues projected at $2.2 billion, reflecting a 2.02$2.2 billion, indicating a 2.02% decrease from the year-ago quarter's reported figure [1] - The company has beaten the Zacks Consensus Estimate in each of the last four quarters, with an average surprise of 14.44% [1] Group 2: Subscriber and Advertisement Revenue Trends - Subscriber revenues are expected to decline, with the first quarter showing a 1% decrease year over year to $1.7 billion, and the second-quarter estimate at$1.66 billion, indicating a 3.6% decline [2] - Advertisement revenues in the first quarter increased by 7% year over year to $402 million, with the second-quarter estimate at$457.9 million, indicating a rise of 2.9% year over year [3] Group 3: Competitive Landscape and Content Strategy - Sirius XM faces intense competition in the streaming space from companies like Apple and Spotify, which may impact revenue growth [3] - The company continues to enhance its content offerings, including extensive coverage of major sporting events and a diverse range of content across music, politics, news, and sports [3] Group 4: Earnings Prediction Model - According to the Zacks model, Sirius XM has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating lower odds of an earnings beat [4]