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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
