) is set to report its fourth quarter 2013 results on Feb 26. In
the prior quarter, the company posted a positive surprise of
43.5%. Let's see how things are shaping up for the company in
Growth Factors This Past Quarter
TiVo reported better-than-expected third quarter 2013 results
on the back of higher subscriber growth and lower subscriber
acquisition costs. Moreover, higher Service and Technology
revenue coupled with increased hardware revenue impacted the top
Moreover, litigation proceeds from
) boosted operating results. Management expects fourth quarter
revenue to gain from the MSO revenue and Verizon licensing
revenue. Moreover, it expects subscription acquisition costs to
be lower on a year-over year basis, primarily due to higher
subscription additions and a shift in mix to higher SKU's.
The Zacks Consensus Estimate for the fourth quarter stands at
a loss of 12 cents per share while that for fiscal 2013 stands at
a loss of 5 cents per share.
Estimate revisions have been minimal in the last 30 days,
while two upward estimate revisions were made in the past 60
days. Over the last 60 days, fourth quarter loss as per Zacks
Consensus Estimate has improved by a penny to a loss of 12 cents.
For fiscal 2013, over the last 60 days, loss as per Zacks
Consensus Estimate improved by a penny to 5 cents.
The lack of downward movement in estimates signals that the
fourth quarter might not be too different from the past quarters.
Moreover, the stock carries a Zacks Rank #2 (Buy).
We caution against stocks with Zacks Ranks #4 and #5 (Sell
rated stocks) going into the earnings announcement, especially
when the company is seeing negative estimate revisions
Other Stocks to Consider
Our model states that a stock needs to have both a positive
Zacks Earnings ESP
and a Zacks Rank of #1, #2 or #3 to beat earnings estimates. You
could, however, consider stocks like:
), which has a Zacks Earnings ESP of 15.79% and Zacks Rank #2
DISH Network Corp
), with Zacks Earnings ESP of 10.53% and Zacks Rank #3
AUTODESK INC (ADSK): Free Stock Analysis
DISH NETWORK CP (DISH): Free Stock Analysis
TIVO INC (TIVO): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
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