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How to Play Coinstar Ahead of Earnings: Tight Competition, Weak Chart Signal Drop


Analysts are optimistic that Coinstar will report higher earnings, but are growing weary of the company's prospects.

Coinstar (NASDAQ:CSTR) is scheduled to release its quarterly earnings today after the close. Analysts anticipate that Coinstar will earn $0.73 per share, a 27% increase from earnings last year. Coinstar has seen an increase in profits over the past four quarters, and analysts are anticipating revenues to roll in at $580 million. The stock has seen an increase of 9% since early November 2012. Coinstar mainly relies on its Redbox service, which competes with Netflix (NASDAQ:NFLX), but the service has too many delays and only has a limited number of titles. Analysts are optimistic for higher earnings, but are growing weary of Coinstar's prospects.

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