
Shares outperformed the S&P 500 in the latest session as Zacks estimates pointed to lower quarterly earnings and nearly flat revenue growth.
Sirius XM shares rose 2.29% to $26.31 in the latest session, outpacing the S&P 500’s 0.66% gain. The Dow rose 0.18%, while the Nasdaq gained 1.05%.
Ahead of the company’s next earnings report, Zacks consensus estimates call for earnings of $0.76 per share, down 9.52% from a year earlier. Revenue is estimated at $2.16 billion, up 0.06%.
Before the session’s gain, the stock had fallen 11.28% over the past month. Over the same period, the Consumer Discretionary sector lost 6.5%, while the S&P 500 rose 0.55%.
This article was produced with the help of AI technology. Source: Yahoo Finance