NEW YORK (TheStreet) -- Shares of SiriusXM (SIRI) - Get Report were gaining in mid-afternoon trading on Wednesday ahead of the satellite radio's 2016 third quarter report, due before Thursday's market open.

Analysts surveyed by FactSet are looking for SiriusXM to post earnings of 4 cents per share on revenue of $1.27 billion.

Wall Street is estimating that SiriusXM will add about 356,000 net new customers in the quarter, according to FactSet.

During the same quarter last year, the New York City-based company reported earnings of 3 cents per share on revenue of $1.17 billion. SiriusXM added about 525,000 net new customers in the year-ago period.

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M Science said recently that SiriusXM could beat estimates for revenue and average revenue per user in the third quarter due to its price hikes in April, the Fly reported.

Separately, 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 rated this stock as a "buy" with a ratings score of B-.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

You can view the full analysis from the report here: SIRI

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