SIRIUS XM Radio
The 10-second takeaway
For the quarter ended June 30 (Q2), SIRIUS XM Radio met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins grew across the board.
SIRIUS XM Radio logged revenue of $837.5 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $833.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $744.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS of $0.48 for Q2 were much higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.9%, 160 basis points better than the prior-year quarter. Operating margin was 27.2%, 400 basis points better than the prior-year quarter. Net margin was 374.2%, 35,090 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $854.2 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $3.38 billion. The average EPS estimate is $0.06.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,479 members out of 5,447 rating the stock outperform, and 968 members rating it underperform. Among 767 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 529 give SIRIUS XM Radio a green thumbs-up, and 238 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SIRIUS XM Radio is outperform, with an average price target of $2.64.
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