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(Strong Buy) 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 $1347.6 million, beating our consensus estimate of $1316.9 million.
Key Stats to Note: The company anticipates 1.4 million net new subscriber addition in 2017 while revenue to be approximately $5.375 billion. Adjusted EBITDA guidance is expected to be around $2.05 billion. Free cash flow is expected to be approximately $1.5 billion.
Check back later for our full write up on this SIRIUS XMearnings report later!
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