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How to Play Coinstar Ahead of Earnings: Tight Competition, Weak Chart Signal Drop
By: Minyanville Headlines
Posted on February 07, 2013 at 13:20 PM EST
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 ...
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Related Stocks:
Coinstar, Inc. NetFlix, Inc.
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