Sirius XM Radio Increases Sales but Misses Estimates on Earnings
Sirius XM Radio (NAS: SIRI) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Sirius XM Radio met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded.
Margins expanded across the board.
SIRIUS XM Radio chalked up revenue of $785.7 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $786.6 million. GAAP sales were 6.5% higher than the prior-year quarter's $735.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.00. The nine earnings estimates compiled by S&P Capital IQ forecast $0.01 per share on the same basis. GAAP EPS were $0.01 for Q4 against -$0.02 per share for 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 61.8%, 140 basis points better than the prior-year quarter. Operating margin was 34.6%, 1,680 basis points better than the prior-year quarter. Net margin was 9.1%, 2,020 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $803.8 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $3.36 billion. The average EPS estimate is $0.06.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 4,422 members out of 5,377 rating the stock outperform, and 955 members rating it underperform. Among 778 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 561 give Sirius XM Radio a green thumbs-up, and 217 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 $2.38.
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At the time this article was published 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. 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.
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