UBS analyst Lucas Binder previewed Sirius Satellite Radio's financial results ahead of the company's first-quarter 2006 earnings report, which the analyst expects to be sometime during the week of April 24.
The analyst forecasts 711,000 net subscriber additions for the quarter, up 133% year-over-year.
The analyst also expects the company to benefit from its agreement with EMI Group, the last of the four major music labels, announced on April 13, regarding the S50 satellite radio receiver.
"We believe a favorable dialog on equipment (i.e., MP3 players) could lead to a more open discussion by year-end over performance rights with the Recording Industry Association of America, which could benefit both parties," he said.
The analyst maintained a "buy" rating and $8 price target on Sirius shares.
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