Investing
Coinstar Earnings Worth More Than Competing Against Netflix (CSTR, NFLX, VZ)
Published:
Coinstar, Inc. (NASDAQ: CSTR) may have announced a move against Netflix, Inc. (NASDAQ: NFLX) today with the planned second-half launch of a streaming content joint venture with Verizon Communications Inc. (NYSE: VZ). Its earnings report is worth far more for investors than the news this morning. Shares closed up 1.8% at $50.56 and now shares are up another 13% at $57.00 in the after-hours session.
Sales rose to $520.5 million and earnings hot $1.00 per share (unsure if items included). The consensus targets were $0.64 EPS and $498.05 million according to Thomson Reuters data.
Coinstar sees guidance of $0.76 EPS to $0.91 EPS on $530 million to $555 million in sales. Thomson Reuters has estimates of $0.86 EPS and $514.54 million.
Beating earnings estimates and raising guidance is usually a very welcoming sign for investors.
For 2012, the guidance is $3.80 EPS to $4.30 EPS on $2.07 billion to $2.25 billion in sales. Thomson Reuters has estimates of $3.86 EPS and $2.17 billion in sales.
As a reminder, Coinstar is profitable while many are not expecting Netflix to remain profitable.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
