Rovi Second Quarter Earnings Sneak Peek

Rovi Corporation (NASDAQ:ROVI) will unveil its latest earnings on Tuesday, August 9, 2011. Rovi Corp focuses on powering the discovery and enjoyment of digital entertainment by providing a broad set of integrated solutions.

Rovi Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 49 cents per share, a rise of 22.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $2.12 per share, a rise of 22.5% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of 50 cents per share against a mean estimate of profit of 41 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $192.1 million in revenue this quarter, a rise of 42.5% from the year ago quarter. Analysts are forecasting total revenue of $804.2 million for the year, a rise of 48.5% from last year’s revenue of $541.5 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 24.1% to $161.5 million in first quarter. The figure rose 1.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 19.7% in the third quarter of the last fiscal year from the year-ago quarter and 12.8% in the second quarter of the last fiscal year.

Competitors to Watch: Amazon.com, Inc. (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL), TiVo Inc. (NASDAQ:TIVO), News Corporation (NASDAQ:NWSA), HSW International, Inc. (NASDAQ:HSWI), Martha Stewart Living Omnimedia, Inc. (NYSE:MSO), Meredith Corporation (NYSE:MDP), PRIMEDIA Inc. (NYSE:PRM), and Barnes & Noble, Inc. (NYSE:BKS).

Stock Price Performance: During July 6, 2011 to August 3, 2011, the stock price had dropped $5.70 (-9.9%) from $57.44 to $51.74. The stock price saw one of its best stretches over the last year between December 23, 2010 and January 5, 2011 when shares rose for nine-straight days, rising 14.7% (+$8.40) over that span. It saw one of its worst periods between March 24, 2011 and April 5, 2011 when shares fell for nine-straight days, falling 6.7% (-$3.78) over that span. Shares are down $10.27 (-16.6%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock >>

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