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Sirius XM (SIRI) Stock Moves -3.32%: What You Should Know
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In the latest trading session, Sirius XM (SIRI - Free Report) closed at $26.53, marking a -3.32% move from the previous day. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
Shares of the satellite radio company have depreciated by 3.55% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 6.85%, and lagging the S&P 500's gain of 1.27%.
Investors will be eagerly watching for 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%. Simultaneously, our latest consensus estimate expects the revenue to be $2.16 billion, showing a 0.06% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3 per share and revenue of $8.6 billion, indicating changes of -5.96% and +0.47%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Sirius XM. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, there's been a 0.24% fall in the Zacks Consensus EPS estimate. Sirius XM is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Sirius XM has a Forward P/E ratio of 9.14 right now. This indicates a discount in contrast to its industry's Forward P/E of 10.91.
It's also important to note that SIRI currently trades at a PEG ratio of 0.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Broadcast Radio and Television industry stood at 0.93 at the close of the market yesterday.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 106, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Sirius XM (SIRI) Stock Moves -3.32%: What You Should Know
In the latest trading session, Sirius XM (SIRI - Free Report) closed at $26.53, marking a -3.32% move from the previous day. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
Shares of the satellite radio company have depreciated by 3.55% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 6.85%, and lagging the S&P 500's gain of 1.27%.
Investors will be eagerly watching for 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%. Simultaneously, our latest consensus estimate expects the revenue to be $2.16 billion, showing a 0.06% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3 per share and revenue of $8.6 billion, indicating changes of -5.96% and +0.47%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Sirius XM. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, there's been a 0.24% fall in the Zacks Consensus EPS estimate. Sirius XM is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Sirius XM has a Forward P/E ratio of 9.14 right now. This indicates a discount in contrast to its industry's Forward P/E of 10.91.
It's also important to note that SIRI currently trades at a PEG ratio of 0.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Broadcast Radio and Television industry stood at 0.93 at the close of the market yesterday.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 106, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.