Sirius XM Radio Inc. Third Quarter Earnings Sneak Peek

Sirius XM Radio Inc. (NASDAQ:SIRI) will unveil its latest earnings on Tuesday, November 1, 2011. 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 estimate of analysts is for net income of one cent per share, a decline of 50% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 2 cents during the last month. For the year, analysts are projecting profit of 6 cents per share, a rise of 50% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported net income of 3 cents per share versus a mean estimate of one cent. Two quarters ago, it reported profit of one cent per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.8% in revenue from the year-earlier quarter to $764.2 million.

Analyst Ratings: four out of six analysts surveyed (66.7%) have a buy rating on Sirius XM Radio.. This is below the mean analyst rating of 10 competitors, which average 73.1% buy ratings.

A Look Back: In the second quarter, profit rose 1034.9% to $173.3 million (3 cents a share) from $15.3 million (0 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 6.4% to $744.4 million from $699.8 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 9% in the first quarter from the year earlier, climbed 8.8% in the fourth quarter of the last fiscal year from the year-ago quarter and 16% in the third quarter of the last fiscal year.

Competitors to Watch: Westwood One, Inc. (NASDAQ:WWON), Entercom Communications Corp. (NYSE:ETM), Cumulus Media Inc. (NASDAQ:CMLS), Emmis Communications Corp. (NASDAQ:EMMS), Radio One, Inc. (NASDAQ:ROIAK), CBS Corporation (NYSE:CBS), Disney (NYSE:DIS), Time Warner (NYSE:TWX), Grupo Radio Centro SAB de CV (NYSE:RC), Salem Communications Corp (NASDAQ:SALM) and Saga Communications, Inc. (AMEX:SGA).

Stock Price Performance: During August 2, 2011 to October 26, 2011, the stock price had fallen 28 cents (-13.5%) from $2.07 to $1.79. 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, rising 22.4% (+33 cents) over that span. It saw one of its worst periods between January 3, 2011 and January 13, 2011 when shares fell for nine-straight days, falling 9.5% (-16 cents) over that span. Shares are up 16 cents (+9.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.