TiVo Goes Red
TiVo (NAS: TIVO) reported earnings on May 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), TiVo missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share shrank to a loss.
Gross margins improved, operating margins expanded, and net margins shrank.
TiVo booked revenue of $54.5 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $57.6 million on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $45.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.17. The nine earnings estimates compiled by S&P Capital IQ predicted -$0.16 per share. GAAP EPS were -$0.17 for Q1 versus $1.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.1%, 500 basis points better than the prior-year quarter. Operating margin was -28.9%, 5,020 basis points better than the prior-year quarter. Net margin was -30.7%, 33,460 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $58.8 million. On the bottom line, the average EPS estimate is -$0.14.
Next year's average estimate for revenue is $238.3 million. The average EPS estimate is -$0.61.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 845 members out of 1,096 rating the stock outperform, and 251 members rating it underperform. Among 267 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 195 give TiVo a green thumbs-up, and 72 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TiVo is outperform, with an average price target of $15.21.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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