Sirius XM Holdings Inc SIRI

Consumer Cyclical Broadcasting - Radio

Sirius XM Holdings Inc. is an audio entertainment company in North America. The Company has a portfolio of audio businesses, including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network, and a suite of business and advertising solutions. Its segments include Sirius XM and Pandora and Off-platform. The Sirius XM segment features music, sports, entertainment, comedy, talk, news, traffic and news channels and other content, as well as podcasts and infotainment services, in the United States on a subscription fee basis. Sirius XM's packages include live, curated, and certain exclusive and on-demand programming. The Pandora and Off-platform segment operates a music, comedy, and podcast streaming discovery platform, offering a personalized experience for each listener wherever and whenever they want to listen, whether through mobile devices, vehicle speakers or connected devices.

NDAQ:SIRI - Post by User

Sirius XM Holdings Inc

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Post by Humaniston Oct 21, 2020 6:04pm

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Post# 31759318

A surprise positive earning for SIRI might be on its way

Is a Surprise Coming for Sirius XM (SIRI) This Earnings Season?
Zacks Equity Research Zacks
OCT 21, 2020 8:49AM EDT
FEATURED IN SMART INVESTING

Investors are always looking for stocks that are poised to beat at earnings season and Sirius XM Holdings Inc. SIRI may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because Sirius XM is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for SIRI in this report.
In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of 6 cents per share. This suggests that analysts have very recently bumped up their estimates for SIRI, giving the stock a Zacks Earnings ESP of +7.14% heading into earnings season.

Sirius XM Holdings Inc. Price and EPS Surprise

Sirius XM Holdings Inc. Price and EPS Surprise

Sirius XM Holdings Inc. price-eps-surprise | Sirius XM Holdings Inc. Quote

Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that SIRI has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Clearly, recent earnings estimate revisions suggest that good things are ahead for Sirius XM, and that a beat might be in the cards for the upcoming report.

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