![]() NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. ![]() Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough October 2, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The Zacks Consensus Estimate for revenues for first-quarter 2023 is pegged at $2.18 billion, indicating a year-over-year decline of 47%. The 82.1 million American subscribers indicate that the market does not have much room to grow but Sirius XM can focus on the market share of its competitors to grow considerably. These devices are widely used, which contributes to its market share. Amazon Music can be accessed through its wide range of devices like Echo and Fire TV Stick. Apple’s ecosystem, which enables users to switch between devices seamlessly, is a major reason for its high market share in the streaming industry. ![]() Spotify has an extensive library and it is easy to find music or podcasts, helping Spotify maintain its dominant position in the market. Spotify holds 22.09% of the market share, followed by Apple Music with 6.36%, Sirius XM with 1.91% and Amazon Music with 0.65%. Notably, 82.1 million Americans are paid subscribers of on-demand music. Sirius XM is looking to increase its market share to compete with music giants like Spotify Technology ( SPOT Quick Quote SPOT - Free Report), Apple ( AAPL Quick Quote AAPL - Free Report) music and ( AMZN Quick Quote AMZN - Free Report) music.Īccording to a musical pursuits report, music streaming accounts for 84% of the U.S. Revenues increased 0.04% year over year to $2.28 billion, which missed the Zacks Consensus Estimate by 0.73%. SIRI reported fourth-quarter 2022 profit of 9 cents per share, beating the Zacks Consensus Estimate by 12.5%. Shares of SIRI have lost 41.1% in the past year compared with the Zacks Consumer Discretionary sector’s decline of 20.3% in the same period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. This Zacks Rank #3 (Hold) company is looking to increase its market share in a highly cluttered market. Quote Sirius XM’s Focus on Market Share to Boost Top Line price-consensus-chart | Sirius XM Holdings Inc.
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