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Earnings Preview: TiVo to Report Q1 Earnings After the Bell

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Tivo (NASDAQ: TIVO), provider of television recording and navigation technology, is scheduled to release its Q1 2013 earnings around 4pm EST today. Shares of the company have risen around 2.3% year to date, as compared to around 4.3% for the S&P 500 Index.

Analysts are expecting an adjusted Q1 loss per share of 15 cents on revenues of around 54.9 million. For the following quarter, analysts are expecting a loss per share of 13 cents on revenues of approximately 55.7 million. TiVo has beaten analyst earnings expectations for each of the previous four quarters.

TiVo released news today about a service that will allow households to access content stored on a TiVo device from other devices on the same internet network, including tablets and mobile devices.

This feature could give TiVo's service a temporary edge over built-in services provided by cable companies, such as Comcast (NASDAQ: CMCSA), Charter Communications (NASDAQ: CHTR) and Time Warner Cable (NYSE: TWC). However, it is unclear how long it would take cable providers to follow TiVo with a similar feature.

Aside from this new feature, cable television providers already offer the same basic functionalities as TiVo's recording devices. So, TiVo may have to find a new niche to achieve long term success.

Analysts seem to disagree as to whether TiVo will be able to find a this new niche, with estimates for fiscal 2013 and 2014 earnings per share varying widely. For example, the consensus analyst estimate for TiVo's fiscal 2014 loss per share is around 7 cents. Analyst estimates for this number are quite dispersed, ranging from a loss per share of 35 cents to earnings per share of 50 cents.

Shares of TiVo were trading around 12 cents or 1.3% lower this morning.

Disclosure: At the time of this writing, I did not own shares of any companies mentioned in this post.

Posted-In: Earnings News Previews Trading Ideas Best of Benzinga


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