The 10-second takeaway
For the quarter ended July 31 (Q2), TiVo met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share improved.
Gross margins increased, operating margins dropped, net margins dropped.
TiVo reported revenue of $54.1 million. The nine analysts polled by S&P Capital IQ expected revenue of $54.5 million on the same basis. GAAP reported sales were 6.7% higher than the prior-year quarter's $61.2 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 -$0.23. The 12 earnings estimates compiled by S&P Capital IQ forecast -$0.25 per share. GAAP EPS were -$0.23 for Q2 compared to -$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 58.5%, 150 basis points better than the prior-year quarter. Operating margin was -40.7%, 1,070 basis points worse than the prior-year quarter. Net margin was -42.5%, 1,050 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $56.4 million. On the bottom line, the average EPS estimate is -$0.18.
Next year's average estimate for revenue is $222.7 million. The average EPS estimate is -$0.73.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 833 members out of 1,084 rating the stock outperform, and 251 members rating it underperform. Among 247 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 174 give TiVo a green thumbs-up, and 73 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 $14.42.
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