Sirius XM Radio Inc. First Quarter Earnings Sneak Peek

Sirius XM Radio Inc. (NASDAQ:SIRI) will unveil its latest earnings on Tuesday, May 1, 2012. SIRIUS XM Radio broadcasts its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its proprietary satellite radio systems: the SIRIUS system and the XM system.

Sirius XM Radio Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 2 cents per share, a rise of twofold from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting net income of 7 cents per share, no change from last year.

Past Earnings Performance: Last quarter, the company saw profit of one cent per share versus a mean estimate of net income of one cent per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 10.9% in revenue from the year-earlier quarter to $803 million.

Analyst Ratings: Of the nine analysts surveyed, five (55.6%) rate Sirius XM Radio a buy. This falls short of the analyst rating of 10 competitors, which average 70% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $71.3 million (2 cents a share) from a loss of $81.4 million (one cent) a year earlier, meeting analyst estimates. Revenue rose 6.5% to $783.7 million from $735.9 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 9% in the first quarter of the last fiscal year, 6.4% in the second quarter of the last fiscal year and 6.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 30, 2012 and April 25, 2012, the stock price rose 18 cents (8.9%), from $2.03 to $2.21. The stock price saw one of its best stretches over the last year between October 5, 2011 and October 14, 2011, when shares rose for eight straight days, increasing 22.4% (+33 cents) over that span. It saw one of its worst periods between December 1, 2011 and December 8, 2011 when shares fell for six straight days, dropping 9.6% (-18 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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