SIRIUS XM Radio Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

SIRIUS XM Radio (NAS: SIRI) reported earnings on Aug. 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), SIRIUS XM Radio met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.


Margins grew across the board.

Revenue details
SIRIUS XM Radio logged revenue of $837.5 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $833.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $744.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.47. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS of $0.48 for Q2 were much higher than the prior-year quarter's $0.03 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 64.9%, 160 basis points better than the prior-year quarter. Operating margin was 27.2%, 400 basis points better than the prior-year quarter. Net margin was 374.2%, 35,090 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $854.2 million. On the bottom line, the average EPS estimate is $0.02.

Next year's average estimate for revenue is $3.38 billion. The average EPS estimate is $0.06.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,479 members out of 5,447 rating the stock outperform, and 968 members rating it underperform. Among 767 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 529 give SIRIUS XM Radio a green thumbs-up, and 238 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 $2.64.

The article SIRIUS XM Radio Beats Analyst Estimates on EPS originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement