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TiVo Inc. (TIVO) Posts a Surprise Profit

TiVo Inc. (NASDAQ:TIVO) reported earnings on May 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q1), TiVo Inc. (NASDAQ:TIVO) met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP loss per share shrank.

Margins expanded across the board.

Revenue details
TiVo Inc. (NASDAQ:TIVO) logged revenue of $61.8 million. The eight analysts polled by S&P Capital IQ expected sales of $62.2 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter’s $67.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.01. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.16 per share. Non-GAAP EPS were $0.01 for Q1 against -$0.17 per share for the prior-year quarter. GAAP EPS were -$0.09 for Q1 against -$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.

Margin details
For the quarter, gross margin was 60.0%, 890 basis points better than the prior-year quarter. Operating margin was -11.0%, much better than the prior-year quarter. Net margin was -12.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter’s average estimate for revenue is $69.2 million. On the bottom line, the average EPS estimate is -$0.13.

Next year’s average estimate for revenue is $273.7 million. The average EPS estimate is -$0.41.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 821 members out of 1,080 rating the stock outperform, and 259 members rating it underperform. Among 258 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 193 give TiVo Inc. (NASDAQ:TIVO) a green thumbs-up, and 65 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TiVo Inc. (NASDAQ:TIVO) is outperform, with an average price target of $15.42.

The article TiVo Posts a Surprise Profit originally appeared on Fool.com and is written by Seth Jayson.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned.

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