Coinstar (CSTR) Posts Strong Prelim. Q1 Results; Boosts FY12 Outlook
Tweet
Share
E-mail
Get Alerts CSTR Hot Sheet
Join SI Premium – FREE
Coinstar (Nasdaq: CSTR) reports preliminary Q1 EPS from continuing operations of $1.36-$1.40, which compares to the Street estimate of $0.90. Sales of $567-$569.2 million, vs. the consensus of $537.66 million.
Raises its FY12 guidance from $2.08-$2.25 billion to $2.155-$2.28 billion, vs. the consensus of $2.22 billion. EPS move from $3.80-$4.30 to $4.40-$4.80, vs. the consensus of $4.09.
Coinstar noted that the increase in consolidated revenue was driven by stronger than anticipated consumer demand at Redbox throughout the quarter, particularly during February and March, reflecting, in part, better than anticipated consumer acceptance of the price increase for Redbox standard definition DVD rentals implemented in October 2011.
Higher than expected core adjusted EBITDA from continuing operations and core diluted EPS from continuing operations reflect the increased revenue and the positive impact of incremental turns on a number of titles, including Moneyball, Puss and Boots and 50/50, which received awards attention, as well as In Time, Abduction and Mr. Popper's Penguins.
Raises its FY12 guidance from $2.08-$2.25 billion to $2.155-$2.28 billion, vs. the consensus of $2.22 billion. EPS move from $3.80-$4.30 to $4.40-$4.80, vs. the consensus of $4.09.
Coinstar noted that the increase in consolidated revenue was driven by stronger than anticipated consumer demand at Redbox throughout the quarter, particularly during February and March, reflecting, in part, better than anticipated consumer acceptance of the price increase for Redbox standard definition DVD rentals implemented in October 2011.
Higher than expected core adjusted EBITDA from continuing operations and core diluted EPS from continuing operations reflect the increased revenue and the positive impact of incremental turns on a number of titles, including Moneyball, Puss and Boots and 50/50, which received awards attention, as well as In Time, Abduction and Mr. Popper's Penguins.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
- Opera Limited (OPRA) Misses Q2 EPS by 1c ; Offers Guidance
- Robo.ai completes acquisitions, plans interim report for Aug. 24
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign 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!
