This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Time for Sirius to Get Serious About Earnings

NEW YORK ( TheStreet) -- For some time now SiriusXM Radio (SIRI - Get Report) has been making promises on a wing and a prayer. Although they have had pretty good revenue growth, the long years of losses are hard to forgive.

Those that have held on with hope have seen the stock go from a low of just 5 cents back in February of 2009 to around the $2.70 mark it's trading at recently. Just look at the graph provided by Barchart comparing the growth in SIRI's price with the growth in the market as measured by the Value Line Index over the past three and a half years:

The company will be reporting earnings later this month and expectations are high. Analyst consensus estimates are between 1 cent and 3 cents per share and anything outside that range will cause rapid price movement.

SiriusXM provides satellite radio services in the U.S. and Canada. The company broadcasts approximately 135 channels, including music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems.

In addition, the company sells satellite radios and supplies, handles logistics and production of satellite and Internet radio systems and licenses its technology to various electronics manufacturers. As of Dec. 31, 2011, it had 21,892,824 subscribers. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. The company was founded in 1990 and is headquartered in New York, N.Y.

Factors to Consider

Technical indicators provided by Barchart: The stock had recent upward momentum and has earned a 100% Barchart technical buy signal as well as a Trend Spotter buy signal. The stock is trading above its 20-, 50- and 100-day moving averages and hit 10 new highs with a 6.52% price increase in the last month and 85.86% in the past 12 months.

The Relative Strength Index is 67.44% and the stock traded recently around 2.71 with a 50-day moving average of 2.45.

Fundamental factors: For a stock that has been trading below $3, the stock has a surprising following on Wall Street where 13 brokerage firms have assigned 15 analysts to make recommendations to their clients. Analysts project revenue growth of 12.20% this year and another 11.50% next year.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SIRI $3.86 -0.13%
AAPL $123.44 -0.64%
FB $83.15 0.17%
GOOG $550.31 -0.88%
TSLA $184.15 -3.30%


DOW 17,682.43 +4.20 0.02%
S&P 500 2,057.13 +0.98 0.05%
NASDAQ 4,872.7960 +9.4340 0.19%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs