Albert Fried Projecting TiVo To Report 'Strong' Q3 Results

TiVo Inc. TIVO is scheduled to report its third-quarter results Tuesday after market close.

Rich Tullo of Albert Fried & Company is projecting the company will earn $0.16 per share on revenue of $90 million, both estimates above the $0.07 per share and $87.93 million analysts are expecting.

"We drive our upside from a modestly improving economy in Southern Europe where TiVo has roll-out underway with ONO and domestic Romeo driven upgrade cycles at Sudden Link and RNC," Tullo wrote in a note on Tuesday.

Tullo is also projecting the company will remain profitable and post a net income before taxes of $22 million, as the company benefits from improved operating costs and no significant legal expenses related to its IP lawsuits.

During the company's post-earnings conference call, Tullo expects the company to discuss new initiatives in the MVPD segment as well as its Digital Smiths acquisition.

Shares are Overweight rated with a $23 price target.