Company Performance - Sirius XM (SIRI) closed at $20.00, reflecting a -1.11% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.74% [1] - The stock has decreased by 2.98% over the past month, while the Consumer Discretionary sector gained 0.56% and the S&P 500 increased by 0.79% [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of $0.77, which is a 7.23% decline compared to the same quarter last year [2] - Revenue is projected at $2.18 billion, indicating a 0.58% decrease from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $2.77 per share, representing a +55.62% change from the previous year, while revenue is forecasted at $8.54 billion, reflecting a -1.83% change [3] - Recent adjustments to analyst estimates suggest a positive outlook for the business [3] Valuation Metrics - Sirius XM currently has a Forward P/E ratio of 7.29, which is lower than the industry average of 14.82 [5] - The company holds a PEG ratio of 0.3, compared to the Broadcast Radio and Television industry's average PEG ratio of 1.35 [6] Industry Context - The Broadcast Radio and Television industry is part of the Consumer Discretionary sector and ranks 182 in the Zacks Industry Rank, placing it in the bottom 27% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Why Sirius XM (SIRI) Dipped More Than Broader Market Today