Sirius XM Holdings Inc SIRI.OQ reported quarterly adjusted earnings of 57 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of eleven analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 46 cents to 90 cents per share.
Revenue fell 1.8% to $2.14 billion from a year ago; analysts expected $2.13 billion.
Sirius XM Holdings Inc's reported EPS for the quarter was 57 cents.
The company reported quarterly net income of $205 million.
Sirius XM Holdings Inc shares had fallen by 0.2% this quarter and gained 0.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.5% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 6 "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is "buy."
Wall Street's median 12-month price target for Sirius XM Holdings Inc is $23.00, about 0.3% above its last closing price of $22.93
This summary was machine generated from LSEG data July 31 at 01:30 p.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)