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SIRIUS XM Holdings Inc. (SIRI - Free Report) is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive line-up of Latin commercial-free music, sports, and talk programming in radio.
Key Stats to Note: The company still anticipates 1.3 million net new subscriber addition in 2017 while revenue to be approximately $5.3 billion. Adjusted EBITDA guidance is expected to be around $2.025 billion. Free cash flow is expected to be approximately $1.5 billion.
Check back later for our full write up on this SIRIUS XM earnings report later!
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SIRIUS XM (SIRI) Meets Q1 Earnings Estimates
SIRIUS XM Holdings Inc. (SIRI - Free Report) is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive line-up of Latin commercial-free music, sports, and talk programming in radio.
Currently, SIRIUS XM has a Zacks Rank #3 (Hold), which could change following Sirius XM’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: SIRIUS XM earnings of 4 cents per share were in-line with Zacks Consensus Estimate.
Revenue: SIRIUS XM reported revenues of $1294.1 million. This missed our consensus estimate of $1296.3 million.
Sirius XM Holdings Inc. Price and EPS Surprise
Sirius XM Holdings Inc. Price and EPS Surprise | Sirius XM Holdings Inc. Quote
Key Stats to Note: The company still anticipates 1.3 million net new subscriber addition in 2017 while revenue to be approximately $5.3 billion. Adjusted EBITDA guidance is expected to be around $2.025 billion. Free cash flow is expected to be approximately $1.5 billion.
Check back later for our full write up on this SIRIUS XM earnings report later!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.
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