Satellite Radio Q2 Expectations
June 20, 2006
The second quarter is wrapping up, and Sirius and XM will soon be putting together their respective announcements on their quarterly meetings.
The quarter has been interesting, and opinions vary on the subject of satellite radio, and the best trading strategy for buying and selling these equities.
At this point many analysts have weighed in on EPS expectations, and where they stand. Satellite Standard Group, keeping you informed, outlines some of the expectations investors will want to be aware of.
SIRIUSCurrently 28 analysts are anticipating a loss of about .15 cents per share. This level has remained fairly constant throughout the quarter. The loss last year for Q2 was .15 cents per share.Revenue is looking decent for Sirius. Analyst expectations place revenue at about $147,000,000. This represents a 180% increase over last year when revenue stood at $52,000,000.Subscriber estimates have remained very steady throughout the quarter. There has been scuttlebut about a weak quarter at retail for satellite radio, but Sirius has maintained that they are not seeing weakness in that channel. Current analysts estimates for subscribers for Sirius stands at about 550,000 NET additions for the quarter. If Sirius were to add 550,000 they would finish the quarter with apprimately 4,628,000 subscribers.XMXM Satellite Radio has about 29 analysts following the equity. On average, the expectations are that XM will announce a loss of .66 cemts per share. Last year XM satellite Radio posted a loss of .70 cents per share.Revenue for XM is anticipated to be about $223,000,000. This represents a 78% increase over last years revenue of $125,000,000.Subscribers fo XM have been all over the board this quarter. With XM lowering year end guidance during the quarter, and hardware issues relating to their plug and play line, analysts have pretty much all lowered the anticipated subscriber numbers for XM. Currently it appears that most analysts are anticipating about 400,000 NET additions for XM. This would place XM 100,000 subscribers shy of 7,000,000 subscribers, a milestone that some were expecting this quarter.6/20/2006 10:52:00 AM
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