Rovi Corp First Quarter Earnings Sneak Peek

Rovi Corporation (NASDAQ:ROVI) will unveil its latest earnings on Thursday, May 3, 2012. Rovi focuses on powering the discovery and enjoyment of digital entertainment by providing companies a broad set of integrated solutions.

Rovi Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 43 cents per share, a decline of 14% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 44 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 215.6% compared to last year’s $2.02.

Past Earnings Performance: The company showed net income of 36 cents per share versus a mean estimate of profit of last quarter. This marks the fourth month of falling short of estimates.

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Wall St. Revenue Expectations: Analysts predict a decline of 9.2% in revenue from the year-earlier quarter to $177.4 million.

Analyst Ratings: Analysts are high on the stock, with 11 analysts rating it as a buy, one rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $49.3 million (43 cents a share) from a profit of $67.2 million (59 cents) a year earlier, missing analyst expectations. Revenue fell 0.3% to $139.8 million from $140.2 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 24.1% in the first quarter of the last fiscal year, 43.2% in the second quarter of the last fiscal year and 42.4%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between March 1, 2012 and April 27, 2012, the stock price had fallen $6.36 (-17.9%), from $35.62 to $29.26. The stock price saw one of its best stretches over the last year between May 3, 2011 and May 12, 2011, when shares rose for eight straight days, increasing 27.1% (+$12.62) over that span. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 10.2% (-$3.38) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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