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Sirius XM (SIRI) Reports Q3 Loss, Misses Revenue Estimates
SIRISirius XM(SIRI) ZACKS·2024-10-31 13:40

Earnings Performance - Sirius XM reported a quarterly loss of 0.84pershare,missingtheZacksConsensusEstimateof0.84 per share, missing the Zacks Consensus Estimate of 0.75, representing an earnings surprise of -212% [1] - The company's earnings per share (EPS) for the same quarter last year was 0.90[1]−Overthelastfourquarters,SiriusXMhassurpassedconsensusEPSestimatestwotimes[2]RevenuePerformance−SiriusXMpostedrevenuesof0.90 [1] - Over the last four quarters, Sirius XM has surpassed consensus EPS estimates two times [2] Revenue Performance - Sirius XM posted revenues of 2.17 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.91% [2] - This compares to year-ago revenues of 2.27billion[2]−Thecompanyhastoppedconsensusrevenueestimatesjustonceoverthelastfourquarters[2]StockPerformance−SiriusXMshareshavelostabout49.92.27 billion [2] - The company has topped consensus revenue estimates just once over the last four quarters [2] Stock Performance - Sirius XM shares have lost about 49.9% since the beginning of the year, compared to the S&P 500's gain of 21.9% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is 0.80 on 2.22billioninrevenues[7]−Forthecurrentfiscalyear,theconsensusEPSestimateis2.22 billion in revenues [7] - For the current fiscal year, the consensus EPS estimate is 3.04 on 8.75billioninrevenues[7]−TheestimaterevisionstrendforSiriusXMismixed,translatingintoaZacksRank3(Hold)[6]IndustryContext−SiriusXMbelongstotheZacksBroadcastRadioandTelevisionindustry,whichiscurrentlyinthebottom198.75 billion in revenues [7] - The estimate revisions trend for Sirius XM is mixed, translating into a Zacks Rank 3 (Hold) [6] Industry Context - Sirius XM belongs to the Zacks Broadcast Radio and Television industry, which is currently in the bottom 19% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Saga Communications, another stock in the same industry, is expected to post quarterly earnings of 0.13 per share, representing a year-over-year change of -71.1% [9] - Saga Communications' revenues are expected to be $28.7 million, down 1.5% from the year-ago quarter [10]