Sirius XM Holdings Inc. [SIRI] Earnings Report Preview March 2021

Earnings from Sirius XM Holdings Inc. [SIRI] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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SIRI Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.06 per share on revenue of $2.01B. Taking a look at the future, the company is projected to report revenue of $2.05B at an earnings per share of $0.07 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.50% in revenue and 17.28% in earnings per share for the company.

SIRI Stock Earnings Forecast For The Current Year

For the full financial year, Sirius XM Holdings Inc. [NASDAQ:SIRI] is forecasted to generate revenue of $8.4B. The figure is about $360.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.27 in 2021, which is $0.02 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 8.00% this year, 18.50% next year, and 10.20% annually over the next five years. With regard to sales, forecasts suggest an incline of 4.50% in current fiscal year and 4.50% over following year.

SIRI Stock Price Performance

At the close of Tuesday’s session, Sirius XM Holdings Inc. [NASDAQ:SIRI] finished down -0.79% at $6.31. The stock’s highest single-day price was $6.42, and its lowest was $6.27. Its price fall 0.00% in the last five days. Since the beginning of the year, Sirius XM Holdings Inc.’s shares are down nearly -0.94%. However, the share price is -22.48% below its one year high. The top price reached by the shares of the company was $8.14 on 01/27/21, while the 52-week low came on 01/15/21, when the shares were $5.75. In the past year, shares of the company have risen 12.48%. At 50 days, the moving average achieved is $6.15 while at 200 days, the moving average is $6.02. There were 26.54 million shares traded in the last session, up from 17.28 million in the previous session.

Sirius XM Holdings Inc. [NASDAQ:SIRI] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 286.82, Sirius XM Holdings Inc. [SIRI] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 21.88 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.18 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.74 for the industry, which means SIRI offers an unattractive investment opportunity than its competitors do.

SIRI Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 6.31 level, and the violation of this level will cause a further drop to 6.25 level. At the upper end, 6.55 remains a key resistance. As the stock increases, it may find resistance at 6.48. In the 14-day chart, the Relative Strength Index standing at 53.08 suggests a technical neutral stance while the MACD standing at 0.05 indicates price will decrease in the next trading period. Stochastic %K at 70.37% suggests holding the stock while Percent R indicator at 44.44% suggests low price movement.

How much is the short interest in Sirius XM Holdings Inc.?

There have been a drop in short interest in the Sirius XM Holdings Inc. Financial stock, with short interest down by -7.85 million shares to 174.8 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 166.95 million shares. This 4.49% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 18.50% of the overall float in the stock, while the stock’s days to cover moved to 7.95.

How do analysts view Sirius XM Holdings Inc.?

In regard to the share price forecast for Sirius XM Holdings Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $7.50 in the next twelve months, representing almost an 15.87% growth from its recent price of $6.31. Among Sirius XM Holdings Inc. stock projections, $8.00 is the highest analyst target for the stock, while $5.00 is the lowest. Despite this, 17 analysts who share their consensus rating for SIRI in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/28/21, when Credit Suisse Ratings downgraded the stock from “Outperform” to “Neutral.”

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