-$0.11 Earnings Per Share Expected for Roku Inc (ROKU) This Quarter

Wall Street analysts predict that Roku Inc (NASDAQ:ROKU) will report ($0.11) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Roku’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Roku will report full-year earnings of ($2.32) per share for the current year, with EPS estimates ranging from ($2.88) to ($1.75). For the next financial year, analysts expect that the company will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.50) to ($0.30). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Roku.

Several brokerages recently commented on ROKU. Vetr cut Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 price target for the company. in a research note on Monday, November 27th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, January 4th. Needham & Company LLC began coverage on Roku in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 target price for the company. Royal Bank of Canada began coverage on Roku in a research report on Monday, October 23rd. They set a “sector perform” rating and a $26.00 target price for the company. Finally, BidaskClub cut Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $35.37.

Shares of Roku (ROKU) traded up $1.83 during midday trading on Wednesday, hitting $44.85. The company had a trading volume of 3,429,665 shares, compared to its average volume of 4,880,000. The company has a market cap of $4,390.00 and a PE ratio of -63.17. Roku has a 1-year low of $15.75 and a 1-year high of $58.80. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09.

Institutional investors have recently made changes to their positions in the business. Dragoneer Investment Group LLC bought a new stake in Roku during the third quarter worth approximately $9,554,000. Jane Street Group LLC bought a new stake in Roku during the third quarter worth approximately $3,784,000. Pier Capital LLC bought a new stake in Roku during the third quarter worth approximately $1,454,000. Wasatch Advisors Inc. bought a new stake in Roku during the fourth quarter worth approximately $2,589,000. Finally, OxFORD Asset Management LLP bought a new stake in Roku during the third quarter worth approximately $12,899,000. 23.54% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2018/02/15/0-11-earnings-per-share-expected-for-roku-inc-roku-this-quarter.html.

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.

Get a free copy of the Zacks research report on Roku (ROKU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply