Coinstar, Inc. (CSTR) Reports Strong Results For The Fourth-Quarter

Analysts at Merriman Curhan Ford have released an update on Coinstar, Inc. (NASDAQ: CSTR). The company has reported strong results for the fourth-quarter.

Coinstar reported revenue of $328 million for the quarter, which came in ahead of analysts’ estimates of $327.4 million. The company reported EBITDA of $55.5 million, beating analysts’ estimates of $54.9 million. The company had EPS of $0.32. Analysts had forecast EPS of $0.27.

According to analysts, the results are solid given the investors' fear of a doomsday scenario with the studio workarounds.

The company also issued guidance for FY10. The guidance for revenue, EBITDA, and EPS is in line with the consensus. However, analysts at Merriman Curhan Ford have lowered their estimates for FY10 to account for the unknown. The analysts’ estimates are still above the consensus though.

The revenue estimate has been lowered from $1.58 billion to $1.49 billion, while the EBITDA estimate has been lowered from $287 million to $264 million. Analysts have a Buy rating for Coinstar, Inc.