TiVo Earnings Preview For Tuesday
TiVo Inc. (TIVO)
Background:TiVo Inc., together with its subsidiaries, provides software, technology, in-home, and outside-of-the-home cloud-based video solutions, which are included in DVRs, non-DVR set-top boxes, and other consumer electronic applications and devices in the United States and internationally.
Wall Street isn't expecting much this quarter. Earnings per share are expected to come in below last year for the same quarter. The earnings release is scheduled after the market closes on November 25, 2014.
The mean estimate is currently 7 cents a share, a decline of 3 cents (30%) from 10 cents during the corresponding period last year.
I've read estimates from 5 cents to as high as 9 cents per share. So that tells you how much consensus there is.
The majority of analysts believe TiVo continues to offer a buying opportunity. 14 of the 21 analysts covering the company give a buy recommendation. Some (7) are taking a more cautious approach, and rate it a hold. As of the last update I have, none of the analysts are recommending selling. Investors haven't made progress this year. Shares in the company have fallen 2% from a year ago. The average analyst target price for TiVo is $15.67.