The 10-second takeaway
For the quarter ended Jan. 31 (Q4), TiVo met expectations on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased.
Gross margin grew, operating margin shrank, and net margin grew.
TiVo tallied revenue of $50.0 million. The five analysts polled by S&P Capital IQ expected sales of $49.9 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $55.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.36. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.27 per share on the same basis. GAAP EPS were $0.06 for Q4 versus -$0.30 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 49.5%, 2,200 basis points better than the prior-year quarter. Operating margin was -64.4%, 240 basis points worse than the prior-year quarter. Net margin was 10.8%, 7,240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $57.0 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $246.5 million. The average EPS estimate is -$0.53.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 842 members rating the stock outperform and 257 members rating it underperform. Among 277 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 205 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 buy, with an average price target of $14.55.
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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 of Motley 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.