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Sirius XM (SIRI) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Sirius XM (SIRI - Free Report) was up +2.29% at $26.31. This change outpaced the S&P 500's 0.66% gain on the day. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Coming into today, shares of the satellite radio company had lost 11.28% in the past month. In that same time, the Consumer Discretionary sector lost 6.5%, while the S&P 500 gained 0.55%.
The investment community will be paying close attention to the earnings performance of Sirius XM in its upcoming release. The company is expected to report EPS of $0.76, down 9.52% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.16 billion, reflecting a 0.06% rise from the equivalent quarter last year.
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. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.55% lower. Right now, Sirius XM possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sirius XM has a Forward P/E ratio of 8.57 right now. This represents a discount compared to its industry average Forward P/E of 9.17.
It is also worth noting that SIRI currently has a PEG ratio of 0.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Broadcast Radio and Television industry stood at 0.88 at the close of the market yesterday.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 109, positioning it in the top 45% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Sirius XM (SIRI) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Sirius XM (SIRI - Free Report) was up +2.29% at $26.31. This change outpaced the S&P 500's 0.66% gain on the day. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Coming into today, shares of the satellite radio company had lost 11.28% in the past month. In that same time, the Consumer Discretionary sector lost 6.5%, while the S&P 500 gained 0.55%.
The investment community will be paying close attention to the earnings performance of Sirius XM in its upcoming release. The company is expected to report EPS of $0.76, down 9.52% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.16 billion, reflecting a 0.06% rise from the equivalent quarter last year.
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. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.55% lower. Right now, Sirius XM possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sirius XM has a Forward P/E ratio of 8.57 right now. This represents a discount compared to its industry average Forward P/E of 9.17.
It is also worth noting that SIRI currently has a PEG ratio of 0.46. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Broadcast Radio and Television industry stood at 0.88 at the close of the market yesterday.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 109, positioning it in the top 45% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.