Sirius XM Stock Has a Lot to Prove on Thursday
It's time to see if satellite radio is holding up better than the auto industry. Sirius XM Radio (NASDAQ: SIRI) reports quarterly results on Thursday, and recent momentum suggests it's going to be another strong period for the media giant. The stock closed out the week within 1% of a new 11-year high, something that's certainly in play if its second-quarter financials impress investors.
Analysts are holding out for modest growth in Thursday morning's report. They're targeting $1.32 billion in revenue, 6.7% ahead of the prior year, its weakest top-line gain in more than five years. Its top line hasn't grown slower than Thursday's forecast since the 6.5% revenue uptick it scored during the fourth quarter of 2011.
Wall Street pros are holding out for a profit of $0.04 a share, up from $0.03 a year earlier. This would be Sirius XM's fourth consecutive quarter of earning $0.04 a share, but it's worth noting that net income itself has climbed sequentially with every passing quarter. The math can be cruel when you have so many shares outstanding.
Source: Fool.com
Sirius XM Holdings Inc. Stock
With 6 Buy predictions and 7 Sell predictions the community is currently undecided on Sirius XM Holdings Inc..
On the other hand, the target price of 5 € is above the current price of 2.98 € for Sirius XM Holdings Inc., so the potential is actually 67.84%.
