TiVo Stock Gains Ahead of Earnings

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TIVO stock posted gains in early trade Friday and nearly took out the session highs going into the close. Shares finished up by 0.60% at $10.02, translating to a rise of 0.92% for the week and 6.37% for the month. TiVo, Inc. (TIVO) is set to report first quarter fiscal 2017 earnings results after today’s close.

Expectations for the Quarter

Wall Street analysts are on average expecting the television entertainment company to post $99.56 million in sales during the quarter. This would show a 2.15% decrease from the Q416 revenue of $101.76 million as well as a decrease of 7.75% from the same period in Q116. EPS in Q117 are expected to come in at $0.09 — in-line with EarningsWhisper.com — a growth rate of 12.50% from $0.08 per share a year earlier.

As a quick reminder, TiVo, Inc reported Q416 EPS of $0.00, $0.06 better than the Street’s consensus estimate. Revenues increased 10.95% YoY to $101.76 million versus the $102.73 million consensus. For the three months ended January 31, the company earned a non-GAAP net income of $7.58 million, compared to $8.3 million in 2015. Subscriptions increased to 7 million, up 24% year-over-year.

The Bottom Line

Shares of TiVo Inc. have a trailing-12 and forward P/E of 43.57 and 14.96, respectively. P/E to growth ratio is 1.37, while t-12 profit margin is 4.43%. EPS registers at 0.23. The company has a market cap of $981 million and a median Street price target of $13.00 with a high target of $18.00.

On trading-measures, TIVO has a beta of 1.30 and a short float of 3.7 million. In the past 52 weeks, shares of the San Jose, California-based company  have traded between a low of $7.29 and a high of $10.83, with its 50-day MA and 200-day MA located at $9.60 and $8.70 levels, respectively.

TIVO currently prints a one year loss of about 5% and a year-to-date return of around 16%.

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