Coinstar Surges 13% On Q4 Earnings Results

Coinstar Inc.

, which operates Coinstar and RedBox kiosks, released its fourth quarter earnings results after the closing bell on Monday. The company reported net income of $31.5 million or $1.00 per share, compared to $11.7 million or $0.35 per share, in the year ago period. This came in well ahead of Wall Street consensus EPS estimates of $0.64. Revenue at Coinstar for the fourth quarter rose 33.2% to $520.5 million versus $390.8 million in last year's fourth quarter. This also easily exceeded Wall Street consensus estimates of $498.1 million. For fiscal 2011, revenues rose 28.5% to $1.845 billion. Fourth quarter operating margins fell 500 basis points from 11% a year ago to 10.5%. Looking ahead, CSTR sees Q1 EPS between $0.76 and $0.91 and revenue in a range between $530 million and $555 million. Currently Wall Street analysts expect CSTR to report EPS of $0.86 on revenue of $514.5 million in the first quarter. For fiscal 2012, CSTR sees EPS between $3.80 and $4.30 on revenues between $2.075 billion and $2.250 billion. This compares to current analysts' consensus estimates of $3.86 per share on revenues of $2.170 billion. In Monday's after hours trading session, CSTR shares have jumped more than 13% to $57.35.