Brokerages Expect Roku, Inc. (ROKU) Will Announce Quarterly Sales of $128.10 Million

Equities analysts forecast that Roku, Inc. (NASDAQ:ROKU) will report sales of $128.10 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Roku’s earnings. The lowest sales estimate is $126.74 million and the highest is $129.45 million. The company is scheduled to announce its next earnings report after the market closes on Wednesday, May 9th.

On average, analysts expect that Roku will report full-year sales of $675.58 million for the current year, with estimates ranging from $672.85 million to $678.52 million. For the next year, analysts forecast that the company will report sales of $884.11 million per share, with estimates ranging from $868.13 million to $898.37 million. Zacks’ sales averages are an average based on a survey of analysts that follow Roku.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.17. The firm had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $182.54 million. The business’s revenue was up 27.8% on a year-over-year basis.

A number of research analysts have issued reports on ROKU shares. Citigroup upgraded Roku from a “sell” rating to a “neutral” rating and set a $33.00 price objective for the company in a research note on Tuesday, March 27th. Vetr upgraded Roku from a “buy” rating to a “strong-buy” rating and set a $47.12 price objective for the company in a research note on Tuesday, January 30th. Zacks Investment Research cut Roku from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Loop Capital started coverage on Roku in a research note on Thursday. They set a “hold” rating and a $30.00 price objective for the company. Finally, ValuEngine upgraded Roku from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 7th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Roku currently has an average rating of “Hold” and a consensus target price of $39.06.

NASDAQ:ROKU traded down $0.28 during trading hours on Wednesday, reaching $32.29. 2,113,007 shares of the company traded hands, compared to its average volume of 4,766,011. The stock has a market capitalization of $3,242.96 and a price-to-earnings ratio of -14.42. Roku has a 1 year low of $15.75 and a 1 year high of $58.80.

In other Roku news, SVP Stephen H. Kay sold 36,000 shares of Roku stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $30.73, for a total value of $1,106,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott A. Rosenberg sold 25,000 shares of Roku stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $30.46, for a total value of $761,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,777,131 shares of company stock valued at $58,524,942.

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new stake in shares of Roku in the 4th quarter worth $130,000. MYDA Advisors LLC bought a new stake in shares of Roku in the 4th quarter worth $207,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Roku in the 3rd quarter worth $216,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Roku in the 4th quarter worth $247,000. Finally, Kessler Investment Group LLC bought a new stake in shares of Roku in the 4th quarter worth $254,000. 10.30% of the stock is owned by institutional investors and hedge funds.

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Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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