SiriusXM To Report Earnings
SiriusXM announced today that it plans to release full-year and fourth quarter 2014 financial and operating results on Thursday, February 5, 2015. The company will host a conference call at 8:00 am ET on Thursday, February 5, to discuss these results. The company had an impressive track record through the first three quarters of 2015, and with good auto sales in Q4 should have little trouble reporting a good close to the year.
SiriusXM has already announced that it has met or exceeded all guidance for 2014, so surprises are not really expected. That being said, the company could be holding back a little information that could generate some buzz. One item that the street will be curious on is how the share repurchase program is progressing.
The company typically reports earnings prior to the market opening, and this call is not an exception to that rule. Analysts are expecting a profit of 2 cents per share on revenue of $1.08 billion. The company reported a profit of 1 cent per share a year ago, so the headlines should serve nicely on a year over year comparison. Stay Tuned!
Spencer,
“The company had an impressive track record through the first three quarters of 2015, and with good auto sales in Q4 should have little trouble reporting a good close to the year”
Thank you for your bright vision forward:). The results are for 2014.
I am afraid Q4 report may be a waste of time for siri longs. I am confident that the results will be excellent and they may get to 3 cents per share and hit $1.1B revenue and so on. As Sulman Rushdie said at a recent Bill Maher’s show, “here comes the BUT BRIGADE”. The fact and the matter is that siri has already preannounced its 2015 guisdance that is complete crap.
To conclude, in spite of very impressive 2014 and Q4 results the stock may even tank because of the joke of a guidance for 2015. As to the buybacks, they cannot be impressive being at 200M shares maximum, if at all, because they did not borrow and want to keep at least $500M on hand from the revolver for a rainy day. So, we will see as usual in the past 12 months strong company perfromance and mediocre very sad stock behavior.