Sirius XM Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Sirius XM Holdings

01/11/2024 03:38

* Sirius XM Holdings Inc  SIRI.OQ  reported quarterly
adjusted
earnings of $1.19​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 90 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 77 cents
per share. Wall Street expected results to range from 52 cents
to 96 cents per share.
    * Revenue fell 4.4% to $2.17 billion from a year ago;
analysts
expected $2.19 billion. 
    * Sirius XM Holdings Inc's reported EPS for the quarter was
a loss
of $8.74​.
    * The company reported a quarterly loss of $2.96 billion.
    * Sirius XM Holdings Inc shares had risen by 15.8% this
quarter and lost 49.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 6 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for Sirius XM
Holdings Inc is 28.00 
This summary was machine generated from LSEG data November 1 at
03:38 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.77           1.19           Beat
 Jun. 30 2024      0.77           0.80           Beat
 Mar. 31 2024      0.66           0.70           Beat
 Dec. 31 2023      0.77           0.90           Beat