Satellite radio and media company Sirius XM (NASDAQ: SIRI) will be announcing earnings results this Thursday morning. Here’s what to expect.

Sirius XM beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $2.16 billion, flat year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ core subscribers estimates. It reported 32.81 million core subscribers, down 1% year on year.

Is Sirius XM a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Sirius XM’s revenue to be flat year on year at $2.17 billion, improving from the 4.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.78 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sirius XM has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Sirius XM’s peers in the wireless, cable and satellite segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AT&T delivered year-on-year revenue growth of 3.6%, beating analysts’ expectations by 2.1%, and Verizon reported revenues up 2%, topping estimates by 0.7%. AT&T traded up 9.3% following the results while Verizon was also up 12.1%.

Read our full analysis of AT&T’s results here and Verizon’s results here.

Investors in the wireless, cable and satellite segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Sirius XM is down 4.7% during the same time and is heading into earnings with an average analyst price target of $24 (compared to the current share price of $20.14).

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