Are the Growth Days Over at Sirius XM?
The growth engine is starting to slow dramatically at Sirius XM Holdings (NASDAQ: SIRI). The satellite-radio provider offered up reasonable fourth-quarter results on Tuesday morning, but it's the media giant's disappointing outlook for the year ahead that's putting a chill in the historically hot investment.
Sirius XM calling for revenue of approximately $8.1 billion for all of 2020 translates into less than 4% top-line growth. This would be the weakest revenue increase in the company's history. Analysts weren't holding out for much, but they were perched slightly higher at $8.22 billion on the top line this year. The sharper-than-expected deceleration could put an end to the stock's impressive 11-year streak of positive returns, but if there's one thing that investors have learned over the years, it's that you don't count Sirius XM out when you think the party's over.
Image source: Sirius XM Holdings.
Source Fool.com
