SiriusXM Reiterates FY24 Revenue $8.75B Vs $8.789B Est.
Portfolio Pulse from Benzinga Newsdesk
SiriusXM has reiterated its fiscal year 2024 revenue forecast of $8.75 billion, which is slightly below the estimated $8.789 billion.

April 30, 2024 | 11:06 am
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NEGATIVE IMPACT
SiriusXM's reaffirmation of its FY24 revenue forecast slightly below estimates may cause cautious investor sentiment.
Reiterating a revenue forecast that is slightly below analyst estimates can lead to cautious or negative investor sentiment in the short term. This is because investors often view such forecasts as indicators of potential challenges in achieving growth targets. However, the close proximity of the forecast to the estimates suggests that the negative impact may be moderate, hence the score of -1.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100