TiVo Earnings: Here’s Why Shares are Up Now

TiVo Inc. (NASDAQ:TIVO) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.24%.

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TiVo Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.09 in the quarter versus EPS of $-0.17 in the year-earlier quarter.

Revenue: Decreased 8.81% to $61.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TiVo Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company beat the mean analyst estimate of $-0.14. It missed the average revenue estimate of $61.88 million.

Quoting Management: Tom Rogers, President and CEO of TiVo, said, “The solid financial results this quarter were the outcome of strong operational execution across our business. Our advanced television innovation is helping to drive the global adoption of TiVo as we increased our MSO subscription base by 277,000 subscriptions, our strongest quarter of MSO subscription additions in seven years. We delivered 13% year-over-year service and technology revenue growth and reported an Adjusted EBITDA profit, which significantly exceeded our guidance. As a result, we continue to believe that we should be Adjusted EBITDA profitable, even when including litigation spend, for Fiscal 2014.”

Key Stats (on next page)…

Revenue decreased 30.45% from $88.86 million in the previous quarter. EPS increased to $-0.09 in the quarter versus EPS of $-0.13 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.06 to a loss $0.10. For the current year, the average estimate has moved down from a loss of $0.22 to a loss of $0.36 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)