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Sirius XM (NASDAQ:SIRI) is scheduled to announce Q3 earnings results on Tuesday, October 31st, before market open.
The consensus EPS Estimate is $0.08 (+14.3% Y/Y) and the consensus Revenue Estimate is $2.29B (+0.4% Y/Y).
Over the last 3 months, EPS estimates have seen 1 upward revision and 0 downward. Revenue estimates have seen 3 upward revisions and 7 downward.
The company recently raised quarterly dividend by ~10%.
In response to Liberty Media Corp.'s (LSXMA) announcement of a plan to merge SIRI, Seeking Profits, a SA contributor, points out that Liberty Global is proposing a risky combination with Sirius XM Holdings Inc., which may possibly dilute current shareholders' control. The proposed acquisition might improve liquidity, perhaps leading to large selling and a drop in Sirius XM Holdings Inc. share prices.
Wall Street analysts and Seeking Alpha's Quant rating system both assign a Hold rating to the stock.
Stock has massively underperformed the broader market index so far this year:
More on Sirius XM
- Sirius XM Shareholders Should Be Wary Of Liberty's Proposed Merger
- Sirius XM Holdings Inc. (SIRI) Bank of America Media, Communications & Entertainment Conference (Transcript)
- Sirius XM Holdings: Outlook Remains Bleak As Conversion Rate Is Still Low
- Why did Sirius XM stock go up today? short squeeze amid Liberty Media offer