Q3 Preview: TiVo (TIVO) Expected to Post Losses, But Unlocking Patents is the Key to the Story
Tweet
Share
E-mailGet Alerts TIVO Hot Sheet
Join SI Premium – FREE
Shares of TiVo Inc. (Nasdaq: TIVO) are trading slightly up on the day as the company is expected to report its third-quarter tonight following the closing bell. A conference call is scheduled for 5:00 pm EST. The conference call number is (877) 618-4505 Pass code: 25529718.
The Wall Street consensus is for a loss of ($0.23) per share on $50.57 million in sales. For the fiscal 2012, the Street sees $0.54 per share in earnings on $190.62 million in total sales. During the third quarter of fiscal 2011, the company reported earnings of ($0.18) per share on $41.3 million in total sales.
Analysts rate shares of TiVo with 7 Buy ratings, 4 Hold ratings, and 1 Sell ratings. The average price target on shares of TIVO is $14 and ranges from $11 to $18.
Analysts at Albert Fried & Company are bullish on the shares as they forecast a 23 percent increase in total sales for the quarter to $51.1 million. The firm forecasts earnings of ($0.15) per share due to a higher share count and slightly lower operating margins.
The firm currently rates shares of TIVO with a Buy rating and $15 price target. An analyst at Albert Fried & Company comments, "We think TIVO's patent "Time Warp" estate is intrinsically better than Motorola's (NYSE: MMI). In our view, because the PTO ruling in the DISH (Nasdaq: DISH) case favored TIVO the Company's patents have a significantly lower probability of infringing prior patent art. We note, TIVO's CEO Tom Rogers has stated one of the patents overturned in the DISH case was a MMI patent. Thus as TIVO now has a license."
The Wall Street consensus is for a loss of ($0.23) per share on $50.57 million in sales. For the fiscal 2012, the Street sees $0.54 per share in earnings on $190.62 million in total sales. During the third quarter of fiscal 2011, the company reported earnings of ($0.18) per share on $41.3 million in total sales.
Analysts rate shares of TiVo with 7 Buy ratings, 4 Hold ratings, and 1 Sell ratings. The average price target on shares of TIVO is $14 and ranges from $11 to $18.
Analysts at Albert Fried & Company are bullish on the shares as they forecast a 23 percent increase in total sales for the quarter to $51.1 million. The firm forecasts earnings of ($0.15) per share due to a higher share count and slightly lower operating margins.
The firm currently rates shares of TIVO with a Buy rating and $15 price target. An analyst at Albert Fried & Company comments, "We think TIVO's patent "Time Warp" estate is intrinsically better than Motorola's (NYSE: MMI). In our view, because the PTO ruling in the DISH (Nasdaq: DISH) case favored TIVO the Company's patents have a significantly lower probability of infringing prior patent art. We note, TIVO's CEO Tom Rogers has stated one of the patents overturned in the DISH case was a MMI patent. Thus as TIVO now has a license."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lowe's (LOW) PT Lowered to $275 at Guggenheim
- Needham Reiterates Buy Rating on Napco Security Technologies, Inc. (NSSC)
- Wells Fargo Starts Vivmark Residential (VMRK) at Overweight, 'Setting the mark for growth'
Create E-mail Alert Related Categories
Earnings, Insiders' Blog, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
