Sirius XM (SIRI) closed the most recent trading day at $23.70, moving +1.15% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.11%. On the other hand, the Dow registered a loss of 0.56%, and the technology-centric Nasdaq increased by 0.35%.
The satellite radio company's shares have seen an increase of 5.4% over the last month, surpassing the Consumer Discretionary sector's loss of 1.21% and the S&P 500's gain of 0.51%.
Market participants will be closely following the financial results of Sirius XM in its upcoming release. The company plans to announce its earnings on April 30, 2026. The company is forecasted to report an EPS of $0.7, showcasing a 18.64% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.07 billion, showing a 0.25% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.09 per share and a revenue of $8.54 billion, representing changes of -3.13% and -0.24%, respectively, from the prior year.
Any recent changes to analyst estimates for Sirius XM should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.05% increase. Sirius XM is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Sirius XM has a Forward P/E ratio of 7.58 right now. This signifies a discount in comparison to the average Forward P/E of 13.64 for its industry.
It is also worth noting that SIRI currently has a PEG ratio of 0.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SIRI's industry had an average PEG ratio of 4.21 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Sirius XM Holdings Inc. (SIRI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).