Sirius XM Radio, Inc. (Nasdaq: SIRI) is trading slightly higher
today, ahead of the company's 2010 fourth quarter earnings report,
expected out before the market opens tomorrow. Shares are up0.2% in
the afternoon session.
SIRI is expected to report breakeven EPS with revs of $739.18
million. Last quarter, the New York, NY-based company reported EPS
of $0.02 on revs of $722.5 million, topping the analyst consensus.
Last year, in Q409, SIRI posted break even per share results with
revs of $683.8 million, almost mirroring the same winning gap that
the company saw in Q310.
SIRI gained 31.5% through the quarter, to $1.63 at the end of
December. Shares are up 13.5% since then, and finished 2010 about
Data from Bloomberg has 6 analysts with a Buy on SIRI, 7 with a
hold, and one suggesting to Sell. The analyst price target average
is $1.75, with a high of $2.00 and low of $1.50. Shares have traded
in a range of $1.88 - $0.79 over the last 52-weeks.
Miller Tabak + Co. is looking for revs of $738 million and
breakeven net income per share. Net sub adds should be 282K, with
ARPU of $11.76. Miller Tabak has a Neutral rating on the shares
with a price target of $1.60.
Recent net sub adds for Sirius have been the following: Q310 -
334K, Q210 - 583.25K, Q110 - 171.44K, Q409 - 257.03K.
increased their price target
to $2 today ahead of earnings.
Investors will be listening for thoughts in increased use of
Internet radio, and color for how well Sirius is doing in the auto
industry as that sector continues its momentum.
Sirius XM is expected to release their Q410 earnings on Tuesday,
February 15, 2011, at approximately 7:00am EST. Stay tuned to
section to see our analysis of the highly-anticipated quarterly
results withi0 n seconds of their release.