EdgeWater 2/8/2011 12:46:43 PM
News / Business

Coinstar, Inc. Is Expected to Report High Profit (CSTR)

Coinstar, Inc. Is Expected to Report High Profit

Coinstar, Inc. (NASDAQ:CSTR) is scheduled to report final quarterly results of the Fiscal year 2010 today after the closing bell. Analysts are projecting the company to report double digit growth in its topline as well as bottomline.

Analysts are estimating Coinstar to report profit of 68 cents a share, 50 cents higher from its year ago EPS of 18 cents a share. Revenue is also expected to grow by 19.90% to $393.31 million from a year ago revenue of $328 million.

The company has beaten the Wall Street’s estimates in the past three consecutive quarters.

Shares of a provider of automated retail solutions have slumped about 30% since it reported its Q3 results about three months ago.

The stock is now up 1.77% to $43.80 on low volume.

Coinstar, Inc. (Coinstar) is a provider of automated retail solutions. Its business segments include Coin services, DVD services, Money Transfer services and E-payment services. The Company’s core offerings in automated retail include its Coin and DVD businesses.

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