Next week we are getting dual earnings reports out of Sirius Satellite Radio (NASDAQ: SIRI) and from XM Satellite Radio (NASDAQ: XMSR). We are also waiting for a Department of Justice approval decision, and frankly many signs had pointed to a decision coming this week. Oh well, that’s the government for you.
On Tuesday we’ll get to see earnings out of Sirius Satellite Radio Inc. (NASDAQ: SIRI). The estimates for the satellite radio company from First Call are -$0.13 EPS on $267.4 million in revenues. Next quarter estimates are -$0.08 EPS on $280.23 million in revenues. Estimates for fiscal 2008 are -$0.30 EPS on $1.25 billion in revenues. Analysts have an average price target north of $3.00. Sirius Satellite Radio Inc.’s 52-week trading range is $2.51 to $3.94.
Next Thursday we’ll get to see earnings out of XM Satellite Radio Holdings Inc. (NASDAQ: XMSR). The estimates for the satellite radio company from First Call are -$0.64 EPS on $303.15 million in revenues. Next quarter estimates are -$0.39 EPS on $314.98 million in revenues. Estimates for fiscal 2008 are -$1.62 EPS on $1.36 billion in revenues. Analysts have an average price target north of $14.00. XM Satellite Radio Holdings Inc.’s 52-week trading range is $9.62 to $16.44.
We’ll break these earnings down more over the weekend or shortly before earnings. If the government wants to throw a curve ball to Wall Street, it will announce its ruling on the merger on one of the earnings days or in between. Over the last 90 days, SIRI shares are down some 15% or more and XMSR shares are down a slight bit less.
Jon C. Ogg
February 22, 2008
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.