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Sirius XM (SIRI) Suffers a Larger Drop Than the General Market: Key Insights
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Sirius XM (SIRI - Free Report) closed the most recent trading day at $28.56, moving -3.25% from the previous trading session. This change lagged the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
The satellite radio company's stock has climbed by 3.14% in the past month, exceeding the Consumer Discretionary sector's loss of 5.62% and the S&P 500's loss of 2.43%.
Analysts and investors alike will be keeping a close eye on the performance of Sirius XM in its upcoming earnings disclosure. In that report, analysts expect Sirius XM to post earnings of $0.76 per share. This would mark a year-over-year decline of 9.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.16 billion, up 0.06% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3 per share and a revenue of $8.6 billion, signifying shifts of -5.96% and +0.47%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Sirius XM. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% lower. As of now, Sirius XM holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Sirius XM is currently exchanging hands at a Forward P/E ratio of 9.84. This denotes a discount relative to the industry average Forward P/E of 11.38.
One should further note that SIRI currently holds a PEG ratio of 0.53. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Broadcast Radio and Television industry was having an average PEG ratio of 0.97.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 35% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Sirius XM (SIRI) Suffers a Larger Drop Than the General Market: Key Insights
Sirius XM (SIRI - Free Report) closed the most recent trading day at $28.56, moving -3.25% from the previous trading session. This change lagged the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
The satellite radio company's stock has climbed by 3.14% in the past month, exceeding the Consumer Discretionary sector's loss of 5.62% and the S&P 500's loss of 2.43%.
Analysts and investors alike will be keeping a close eye on the performance of Sirius XM in its upcoming earnings disclosure. In that report, analysts expect Sirius XM to post earnings of $0.76 per share. This would mark a year-over-year decline of 9.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.16 billion, up 0.06% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3 per share and a revenue of $8.6 billion, signifying shifts of -5.96% and +0.47%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Sirius XM. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% lower. As of now, Sirius XM holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Sirius XM is currently exchanging hands at a Forward P/E ratio of 9.84. This denotes a discount relative to the industry average Forward P/E of 11.38.
One should further note that SIRI currently holds a PEG ratio of 0.53. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Broadcast Radio and Television industry was having an average PEG ratio of 0.97.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 35% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.