Wall Street brokerages expect that Roku Inc (NASDAQ:ROKU) will report earnings of ($0.18) per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Roku’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.19). The company is expected to report its next quarterly earnings results on Wednesday, May 16th.
According to Zacks, analysts expect that Roku will report full-year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.51) to ($0.49). For the next financial year, analysts anticipate that the company will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.22) to $0.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Roku.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The company had revenue of $188.30 million during the quarter, compared to analyst estimates of $182.54 million. The business’s quarterly revenue was up 27.8% compared to the same quarter last year.
A number of analysts have weighed in on ROKU shares. Vetr upgraded shares of Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 target price on the stock in a research report on Wednesday, November 29th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price (up previously from $28.00) on shares of Roku in a research report on Monday, November 27th. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, January 18th. Finally, Morgan Stanley raised their target price on shares of Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Roku presently has an average rating of “Hold” and an average target price of $40.36.
Shares of Roku (ROKU) traded down $0.53 during trading on Friday, reaching $41.52. 6,142,625 shares of the company’s stock were exchanged, compared to its average volume of 4,890,000. Roku has a 1 year low of $15.75 and a 1 year high of $58.80. The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11. The firm has a market capitalization of $4,010.00 and a price-to-earnings ratio of -180.52.
Several hedge funds have recently added to or reduced their stakes in ROKU. The Manufacturers Life Insurance Company bought a new position in shares of Roku during the fourth quarter valued at $130,000. MYDA Advisors LLC bought a new position in shares of Roku during the fourth quarter valued at $207,000. Oppenheimer Asset Management Inc. bought a new position in shares of Roku during the third quarter valued at $216,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Roku during the fourth quarter valued at $247,000. Finally, Kessler Investment Group LLC bought a new position in shares of Roku during the fourth quarter valued at $254,000. 11.04% of the stock is owned by hedge funds and other institutional investors.
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Roku Company Profile
Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.
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