What to Expect When SiriusXM (SIRI) Reports Q2 Results
NEW YORK (TheStreet) -- Shares of SiriusXM Holdings (SIRI) - Get Report are up 0.84% to $4.20 on Friday afternoon, ahead of its fiscal 2016 second quarter results due out before Tuesday's market open.
Analysts surveyed by Thomson Reuters are looking for earnings of 4 cents per share on $1.22 billion in revenue. Last year, the company reported earnings of 3 cents per share on $1.12 billion in revenue for the same quarter.
The company is expected to gain 1.6 million subscribers in 2016, helped by strong advertising revenues and major car manufacturer partnerships, Zacks.com reports. However, SiriusXM also faces strong competition in a challenging environment.
Additionally, SiriusXM's owner Liberty Media (LMCA) considered making a $3.4 billion bid (or $15 a share) for music streaming service Pandora (P) that was later rejected, the Wall Street Journal reported earlier this week.
New-York-based SiriusXM provides satellite radio services in the U.S.
Separatey, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate SIRIUS XM HOLDINGS INC as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
You can view the full analysis from the report here: SIRI
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