SIRIUS XM Radio Hits Estimates in Solid Quarter
May 1st 2012 2:45PM
Updated May 1st 2012 2:46PM
SIRIUS XM Radio (NAS: SIRI) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), SIRIUS XM Radio met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share expanded.
Margins increased across the board.
SIRIUS XM Radio reported revenue of $804.7 million. The 11 analysts polled by S&P Capital IQ expected to see a top line of $803.4 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $723.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.01. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS of $0.02 for Q1 were 100% higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.7%, 110 basis points better than the prior-year quarter. Operating margin was 24.8%, 210 basis points better than the prior-year quarter. Net margin was 13.4%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $826.4 million. On the bottom line, the average EPS estimate is $0.01.
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 4,453 members out of 5,420 rating the stock outperform, and 967 members rating it underperform. Among 790 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 554 give SIRIUS XM Radio a green thumbs-up, and 236 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 $2.60.
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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 of Motley 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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