SIRIUS XM Radio
The 10-second takeaway
For the quarter ended March 31 (Q1), SIRIUS XM Radio met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share didn't change. GAAP earnings per share was unchanged.
Margins grew across the board.
SIRIUS XM Radio reported revenue of $899.2 million. The 11 analysts polled by S&P Capital IQ expected revenue of $906.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $804.7 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 $0.01. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. Non-GAAP EPS of $0.01 were the same as the prior-year quarter. GAAP EPS of $0.02 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 50.3%, 110 basis points better than the prior-year quarter. Operating margin was 27.5%, 270 basis points better than the prior-year quarter. Net margin was 13.8%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $937.0 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $3.80 billion. The average EPS estimate is $0.10.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 4,551 members out of 5,532 rating the stock outperform, and 981 members rating it underperform. Among 783 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 575 give SIRIUS XM Radio a green thumbs-up, and 208 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 $3.55.
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