The 10-second takeaway
For the quarter ended April 30 (Q1), TiVo met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP loss per share shrank.
Margins expanded across the board.
TiVo logged revenue of $61.8 million. The eight analysts polled by S&P Capital IQ expected sales of $62.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $67.8 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 $0.01. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.16 per share. Non-GAAP EPS were $0.01 for Q1 against -$0.17 per share for the prior-year quarter. GAAP EPS were -$0.09 for Q1 against -$0.17 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 60.0%, 890 basis points better than the prior-year quarter. Operating margin was -11.0%, much better than the prior-year quarter. Net margin was -12.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $69.2 million. On the bottom line, the average EPS estimate is -$0.13.
Next year's average estimate for revenue is $273.7 million. The average EPS estimate is -$0.41.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 821 members out of 1,080 rating the stock outperform, and 259 members rating it underperform. Among 258 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 193 give TiVo a green thumbs-up, and 65 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 $15.42.
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