Sirius XM Holdings Inc. (NASDAQ:SIRI) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.05 per share.
Looking ahead, the full year income are expected at $ 0.23 per share on the revenues of $ 7782.90 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 7,700.00 million ~ $ 7,700.00 million
Click Here For More Historical Outlooks Of Sirius XM Holdings Inc.
Previous Quarter Performance
Sirius XM Holdings Inc. recorded income for the second quarter of $ 0.06 per share, from the revenue of $ 1,874.00 million. The quarterly revenues contracted 5.21 percent compared with the same quarter last year. The consensus estimates are income of $ 0.06 per share from $ 1888.46 million in revenue. The top line results fell short of analysts by $ 14.46 million or 0.77 percent.
Stock Performance
Shares of Sirius XM Holdings Inc. traded up $ 0.10 or 1.64 percent on Wednesday, reaching $ 5.90 with volume of 18.65 million shares. The stock opened positive for the day at $ 5.83, after closing the previous day trading at $ 5.80.
According to the previous trading day, closing price of $ 5.80, representing a 41.12 % increase from the 52 week low of $ 4.11 and a 21.62 % decrease over the 52 week high of $ 7.40.
The company has a market capital of $ 25.59 billion and is part of the Consumer Cyclical sector and Broadcasting – Radio industry.
Recent Analyst recommendations
- On 7th October 2020, upgraded by Credit Suisse Group to Outperform from Neutral rating, with $ 7.50 target price.
- On 16th September 2020, upgraded by Benchmark to Buy from Hold rating.
Conference Call
Sirius XM Holdings Inc. will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.siriusxm.com
Sirius XM Holdings Inc. provides satellite radio services in the United States. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, including various music genres ranging from rock, pop and hip-hop, country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
