Sirius XM (SIRI) Outperforms Broader Market: What You Need to Know

Company Performance - Sirius XM (SIRI) closed at $23.47, reflecting a +1.87% increase compared to the previous day, outperforming the S&P 500's daily gain of 0.08% [1] - Over the past month, Sirius XM shares have declined by 8.54%, which is worse than the Consumer Discretionary sector's loss of 8.41% and the S&P 500's loss of 7.33% [1] Upcoming Earnings - Analysts expect Sirius XM to report earnings of$ 0.69 per share, indicating a year-over-year decline of 1.43% [2] - The consensus estimate for quarterly revenue is $2.09 billion, down 3.46% from the same period last year [2] Annual Estimates - For the annual period, earnings are anticipated to be$ 3.20 per share, representing a +79.78% change from the previous year, while revenue is expected to be $8.54 billion, reflecting a -1.88% change [3] Analyst Sentiment - Recent changes to analyst estimates for Sirius XM are crucial for investors, as positive revisions indicate optimism regarding the company's business and profitability [3][4] Zacks Rank - Sirius XM currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] Valuation Metrics - Sirius XM is trading at a Forward P/E ratio of 7.19, which is below the industry average of 12.08 [6] - The company has a PEG ratio of 0.72, compared to the Broadcast Radio and Television industry's average PEG ratio of 1.27 [6] Industry Context - The Broadcast Radio and Television industry is part of the Consumer Discretionary sector, holding a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [7]