Satellite radio and media company Sirius XM (NASDAQ:SIRI) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.

Sirius XM missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $2.17 billion, down 4.4% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income and EPS estimates. It reported 39.07 million users, down 2.5% year on year.

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

This quarter, analysts are expecting Sirius XM’s revenue to decline 5% year on year to $2.17 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.74 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.

Looking at Sirius XM’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AT&T posted flat year-on-year revenue, beating analysts’ expectations by 0.7%, and Verizon reported revenues up 1.6%, topping estimates by 0.9%. AT&T traded up 7.4% following the results while Verizon was also up 3.9%.

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

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 5.1% on average over the last month. Sirius XM is down 2.3% during the same time and is heading into earnings with an average analyst price target of $24.77 (compared to the current share price of $22.28).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.