Sirius XM Earnings Preview: Key Metrics to Watch
Financials:
* Revenue: Estimated $2.17 billion, a 5% decline year-over-year (YoY)
* Adjusted Earnings: Projected at $0.74 per share
Analyst Sentiment:
* Consensus estimates have remained largely unchanged in the past 30 days, indicating a stable outlook for earnings.
Peer Performance:
* AT&T: Revenue flat YoY, exceeding estimates by 0.7%
* Verizon: Revenue up 1.6%, surpassing estimates by 0.9%
Investor Sentiment:
* Positive sentiment in the consumer discretionary sector, with stock prices rising 5.1% on average in the last month.
* Sirius XM is down 2.3% during the same period.
Analyst Price Target:
* Average analyst price target of $24.77, compared to the current share price of $22.28.
Key Factors to Consider:
* User growth rate
* Subscription revenue
* Advertising revenue
* Impact of economic conditions on consumer spending
Investors should monitor these metrics to assess Sirius XM's financial performance and growth prospects during the upcoming earnings call.