SIRIUS XM Radio
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), SIRIUS XM Radio met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Gross margins grew, operating margins increased, net margins dropped.
SIRIUS XM Radio reported revenue of $867.4 million. The 10 analysts polled by S&P Capital IQ expected revenue of $867.2 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $762.6 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 $0.02. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.02 per share. GAAP EPS of $0.01 for Q3 were 50% lower than the prior-year quarter's $0.02 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 63.8%, 20 basis points better than the prior-year quarter. Operating margin was 26.7%, 250 basis points better than the prior-year quarter. Net margin was 8.6%, 510 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $895.5 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $3.41 billion. The average EPS estimate is $0.07.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 4,519 members out of 5,492 rating the stock outperform, and 973 members rating it underperform. Among 790 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 567 give SIRIUS XM Radio a green thumbs-up, and 223 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 $2.73.
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