Sirius XM (SIRI) closed at $30.59 in the latest trading session, marking a -2.02% move from the prior day. This change lagged the S&P 500's 1.01% loss on the day. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 1.4%.
Prior to today's trading, shares of the satellite radio company had gained 11.38% outpaced the Consumer Discretionary sector's gain of 1.27% and the S&P 500's gain of 0.32%.
Analysts and investors alike will be keeping a close eye on the performance of Sirius XM in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2026. On that day, Sirius XM is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 36.84%. Simultaneously, our latest consensus estimate expects the revenue to be $2.14 billion, showing a 0.11% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.1 per share and a revenue of $8.56 billion, demonstrating changes of -2.82% and +0.04%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Sirius XM. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Sirius XM boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, Sirius XM is holding a Forward P/E ratio of 10.06. This valuation marks a discount compared to its industry average Forward P/E of 13.48.
It's also important to note that SIRI currently trades at a PEG ratio of 0.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 1.06.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons 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).