TiVo Inc (
is scheduled to release its second quarter 2014 results on Aug
27, 2013, after the closing bell. TiVo posted a positive surprise
of 30.4% in the first quarter. The company has posted an average
positive surprise of 22.0% over the trailing four quarters. Let's
see how things are shaping up for the company this quarter.
Growth Factors this Past Quarter
TiVo reported first quarter loss of 9 cents per share, which was
narrower than the Zacks Consensus Estimate of a loss of 13 cents
per share and the year-ago quarter loss of 17 cents per share.
The better-than-expected result was driven by higher revenue
growth (21.8% from the year-ago quarter).
Net additions to total subscriptions during the quarter were 255K
while the churn rate per month was a negative 1.5% compared with
a negative 1.6% in the year-ago quarter. TiVo's total subscriber
base jumped 36% from the year-ago quarter to 3.40 million.
The Zacks Consensus Estimate for the second quarter projects loss
of 10 cents per share while that for fiscal 2014 stands at a loss
of 26 cents per share. There have been no revisions in the second
quarter and full year 2014 estimates over the last 60 days.
The lack of any movement in estimates signals that the second
quarter might not be too different from the past quarters. This
is also indicated by that fact that the stock carries a Zacks
Rank #3 (Hold).
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 momentum.
Other Stocks to Consider
Our model states that a stock needs to have both a positive
Earnings ESP (Read:
Zacks Earnings ESP: A Better Method
) and a Zacks Rank of #1, #2 or #3 to beat earnings estimates.
You could, however, consider the following stocks that satisfy
Inteliquent Inc (
has a Zacks Rank #1 (Buy) and Zacks Earnings ESP of +66.67%.
ECHELON CORP (ELON): Free Stock Analysis
FUEL SYSTEM SOL (FSYS): Free Stock Analysis
INTELIQUENT INC (IQNT): Free Stock Analysis
TIVO INC (TIVO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Fuel Systems Solutions (
has a Zacks Rank #1 (Hold) and Zacks Earnings ESP of +25.00%.
Echelon Corp. (
has a Zacks Rank #2 (Buy) and a Zacks Earnings ESP of