Sirius XM Radio Inc (NASDAQ:SIRI) will unveil its latest earnings on Tuesday, February 5, 2013. 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 2 cents per share, a rise of twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 3 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 2 cents during the last month. Analysts are projecting profit to rise by 657.1% versus last year to 53 cents.
Past Earnings Performance: Last quarter, the company saw profit of 2 cents per share versus a mean estimate of net income of 2 cents per share. This comes after two consecutive quarters of exceeding expectations.
A Look Back: In the third quarter, profit fell 28.5% to $74.5 million (one cent a share) from $104.2 million (2 cents a share) the year earlier, meeting analyst expectations. Revenue rose 13.7% to $867.4 million from $762.5 million.
Here’s how Sirius XM traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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