) is scheduled to release its fiscal second quarter 2013 results
after market closes on August 29, 2012. In the run up to the
earnings release we do not notice any movement in the analysts'
Previous Quarter Highlights
TiVo reported mixed first quarter 2013 results. Top line
increased 48.1% from the year-ago quarter to $67.8 million, which
also beat the Zacks Consensus Estimate of $64.0 million. The top
line was positively impacted by improved revenues from the Service
and Technology and Hardware revenue. Moreover, net subscriber
additions during the quarter also benefited the top line.
However, the company reported a loss of 17 cents per share,
wider than the Zacks Consensus Estimate of a loss of 15 cents.
For the second quarter of 2013, TiVo expects Service and
Technology revenues in the range of $53 million to $55 million.
TiVo expects net loss in the range of $28.0 million to $30.0
million and an adjusted EBITDA loss in the range of $16.0 million
to $18.0 million.
For further details please read:
TiVo Reports Mixed 1Q
Earnings Estimates Trend
Over the past 30 days, none of the 12 analysts covering the
stock revised their estimates in either direction. Thus, the Zacks
Consensus Estimate for the second quarter remained at a loss of 23
Analysts covering the stock expect a moderate rise in revenues
for the quarter as partnerships with
Virgin Media Inc.
), ONO, RCN and Charter boost its subscriber base. However, higher
expenses relating to research & development and legal expenses
may hurt the operational results for the quarter.
We remain optimistic about TiVo's long-term growth potential due
to new partnerships, product launches and international expansion.
We believe that TiVo will continue to witness strong subscriber
growth based on its partnerships with Virgin Media Inc.
, Suddenlink, DIRECTV and few others going forward.
However, pending patent litigation issues, rising subscription
acquisition costs, higher hardware and sales & marketing costs
are expected to impact TiVo's profitability over the next few
quarters. Increasing competition from cable and satellite providers
could also hurt profitability over the long term. Thus, we have a
Neutral recommendation on TiVo over the long term (6-12
Currently, TiVo has a Zacks #3 Rank, which implies a short-term
Hold rating (1-3 months).
COMCAST CLA SPL (CMCSK): Free Stock Analysis
TIVO INC (TIVO): Free Stock Analysis Report
VIRGIN MEDIA (VMED): Free Stock Analysis Report
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