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SIRIUS XM (SIRI) Meets Q3 Earnings Estimates

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SIRIUS XM Holdings Inc. (SIRI - Free Report) is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive line-up of Latin commercial-free music, sports, and talk programming in radio.

Currently, SIRIUS XM has a Zacks Rank #2 (Buy), which could change following Sirius XM’s  earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: SIRIUS XM earnings of 4 cents per share were in-line with Zacks Consensus Estimate.

Revenue: SIRIUS XM reported revenues of $1.3 billion. This surpassed our consensus estimate of $1.26 billion.

SIRIUS XM HLDGS Price and EPS Surprise

SIRIUS XM HLDGS Price and EPS Surprise | SIRIUS XM HLDGS Quote

Key Stats to Note: The company anticipates 1.7 million net new subscriber addition in 2016 while revenue to be approximately $5 billion. Adjusted EBITDA guidance has been raised to $1.85 billion compared to $1.8 billion expected earlier.

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