$805.46 Million in Sales Expected for Roku, Inc. (NASDAQ:ROKU) This Quarter

Analysts expect Roku, Inc. (NASDAQ:ROKUGet Rating) to report sales of $805.46 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Roku’s earnings. The highest sales estimate is $806.84 million and the lowest is $804.80 million. Roku posted sales of $645.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.9%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Roku will report full-year sales of $3.72 billion for the current fiscal year, with estimates ranging from $3.68 billion to $3.73 billion. For the next year, analysts anticipate that the firm will post sales of $4.72 billion, with estimates ranging from $4.07 billion to $5.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Roku.

Roku (NASDAQ:ROKUGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Roku had a net margin of 4.78% and a return on equity of 5.17%. The company had revenue of $733.70 million for the quarter, compared to analyst estimates of $718.56 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. Roku’s revenue was up 27.8% on a year-over-year basis.

ROKU has been the subject of several research reports. DA Davidson cut their price target on Roku from $200.00 to $170.00 in a research note on Friday, April 29th. Rosenblatt Securities assumed coverage on shares of Roku in a research report on Tuesday, April 19th. They set a “buy” rating and a $188.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Roku from $225.00 to $175.00 in a research report on Friday, April 29th. Truist Financial cut their price objective on Roku from $165.00 to $150.00 in a research report on Wednesday, April 13th. Finally, Pivotal Research lowered their target price on Roku from $95.00 to $80.00 in a report on Friday, April 29th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $230.69.

ROKU traded up $10.34 during trading on Wednesday, reaching $97.84. 8,905,700 shares of the stock were exchanged, compared to its average volume of 7,803,104. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 99.84 and a beta of 1.95. Roku has a 1 year low of $75.12 and a 1 year high of $490.76. The business’s 50 day moving average price is $110.58 and its two-hundred day moving average price is $171.15.

In other news, VP Scott A. Rosenberg sold 1,869 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $129.33, for a total value of $241,717.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $138.28, for a total value of $11,062,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,946 shares of company stock valued at $24,968,874. Corporate insiders own 15.32% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in Roku by 156.5% in the 1st quarter. Lindbrook Capital LLC now owns 218 shares of the company’s stock worth $27,000 after buying an additional 133 shares in the last quarter. Bellwether Advisors LLC lifted its stake in shares of Roku by 576.2% in the fourth quarter. Bellwether Advisors LLC now owns 142 shares of the company’s stock worth $32,000 after acquiring an additional 121 shares in the last quarter. KB Financial Partners LLC purchased a new position in Roku in the fourth quarter valued at about $34,000. Credit Agricole S A grew its stake in Roku by 60.0% during the 4th quarter. Credit Agricole S A now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 63 shares in the last quarter. Finally, West Oak Capital LLC purchased a new stake in Roku during the 1st quarter worth approximately $38,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile (Get Rating)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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