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TiVo Inc (TIVO - Analyst Report) is scheduled to release its second quarter 2014 results on Aug 27, 2013, after the closing bell. TiVo posted a positive surprise of 30.4% in the first quarter. The company has posted an average positive surprise of 22.0% over the trailing four quarters. Let’s see how things are shaping up for the company this quarter.

Growth Factors this Past Quarter

TiVo reported first quarter loss of 9 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 13 cents per share and the year-ago quarter loss of 17 cents per share. The better-than-expected result was driven by higher revenue growth (21.8% from the year-ago quarter).

Net additions to total subscriptions during the quarter were 255K while the churn rate per month was a negative 1.5% compared with a negative 1.6% in the year-ago quarter. TiVo’s total subscriber base jumped 36% from the year-ago quarter to 3.40 million.

Earnings Whispers?

The Zacks Consensus Estimate for the second quarter projects loss of 10 cents per share while that for fiscal 2014 stands at a loss of 26 cents per share. There have been no revisions in the second quarter and full year 2014 estimates over the last 60 days.

The lack of any movement in estimates signals that the second quarter might not be too different from the past quarters. This is also indicated by that fact that the stock carries a Zacks Rank #3 (Hold).

We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Other Stocks to Consider

Our model states that a stock needs to have both a positive Earnings ESP (Read: Zacks Earnings ESP: A Better Method) and a Zacks Rank of #1, #2 or #3 to beat earnings estimates. You could, however, consider the following stocks that satisfy both criteria:

Inteliquent Inc (IQNT - Snapshot Report) has a Zacks Rank #1 (Buy) and Zacks Earnings ESP of +66.67%.

Fuel Systems Solutions (FSYS - Snapshot Report) has a Zacks Rank #1 (Hold) and Zacks Earnings ESP of +25.00%.

Echelon Corp. has a Zacks Rank #2 (Buy) and a Zacks Earnings ESP of +11.11%.

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