Sirius XM Radio Inc. Second Quarter Earnings Sneak Peek

Sirius XM Radio Inc. (NASDAQ:SIRI) will unveil its latest earnings on Tuesday, August 2, 2011. SIRIUS XM Radio Inc. 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 profit of one cent per share, no change from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 5 cents per share, a rise of 25% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of one cent per share versus a mean estimate of net income of one cent per share. In the fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $752.5 million in revenue this quarter, a rise of 6.7% from the year ago quarter. Analysts are forecasting total revenue of $3.04 billion for the year, a rise of 7% from last year’s revenue of $2.84 billion.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 9% to $723.8 million in first quarter. The figure rose 8.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 16% in the third quarter of the last fiscal year from the year-ago quarter and 18.4% in the second quarter of the last fiscal year.

Competitors to Watch: Westwood One, Inc. (NASDAQ:WWON), Entercom Communications Corp. (NYSE:ETM), Cumulus Media Inc. (NASDAQ:CMLS), Emmis Communications Corp. (NASDAQ:EMMS), Radio One, Inc. (NASDAQ:ROIAK), CBS Corporation (NYSE:CBS), Grupo Radio Centro SAB de CV (NYSE:RC), Salem Communications Corp (NASDAQ:SALM), Saga Communications, Inc. (AMEX:SGA).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had risen 21 cents (11%) from $1.91 to $2.12. The stock price saw one of its best stretches over the last year between October 21, 2010 and November 2, 2010 when shares rose for nine-straight days, rising 20.8% (+27 cents) over that span. It saw one of its worst periods between January 3, 2011 and January 13, 2011 when shares fell for nine-straight days, falling 9.5% (-16 cents) over that span. Shares are up 49 cents (+30.1%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>