-$0.22 Earnings Per Share Expected for Roku Inc (NASDAQ:ROKU) This Quarter

Wall Street brokerages expect Roku Inc (NASDAQ:ROKU) to post earnings of ($0.22) per share for the current fiscal quarter, Zacks reports. Four 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 ($0.25). The company is expected to report its next earnings results after the market closes on Wednesday, August 7th.

On average, analysts expect that Roku will report full-year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.63) to ($0.43). For the next year, analysts forecast that the business will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.70) to ($0.28). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Roku.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.15. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The company had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $189.80 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The business’s revenue was up 51.3% on a year-over-year basis.

A number of equities research analysts have recently issued reports on ROKU shares. Morgan Stanley boosted their price objective on Roku from $46.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Zacks Investment Research upgraded Roku from a “hold” rating to a “strong-buy” rating and set a $91.00 price target for the company in a research note on Wednesday, May 15th. KeyCorp boosted their price target on Roku from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Citigroup cut Roku from a “neutral” rating to a “sell” rating and boosted their price target for the company from $53.00 to $60.60 in a research note on Monday, April 8th. Finally, Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Roku has a consensus rating of “Hold” and a consensus target price of $82.87.

In other Roku news, SVP Stephen H. Kay sold 12,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $109.03, for a total transaction of $1,308,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $90.52, for a total value of $3,168,200.00. The disclosure for this sale can be found here. Insiders have sold 676,733 shares of company stock valued at $67,106,092 over the last 90 days. Corporate insiders own 22.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. Baillie Gifford & Co. bought a new stake in Roku during the first quarter worth $117,951,000. FMR LLC lifted its stake in Roku by 17.1% during the fourth quarter. FMR LLC now owns 6,340,828 shares of the company’s stock worth $194,283,000 after purchasing an additional 925,145 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Roku during the first quarter worth $40,282,000. Norges Bank bought a new stake in Roku during the fourth quarter worth $14,477,000. Finally, Impala Asset Management LLC bought a new stake in Roku during the first quarter worth $12,863,000. Hedge funds and other institutional investors own 50.19% of the company’s stock.

Shares of NASDAQ:ROKU traded down $0.31 during trading on Friday, reaching $100.53. 4,439,457 shares of the stock were exchanged, compared to its average volume of 8,486,338. Roku has a 12 month low of $26.30 and a 12 month high of $113.44. The company has a market cap of $11.72 billion, a price-to-earnings ratio of -1,256.63 and a beta of 2.04. The company’s 50-day moving average is $102.08.

About Roku

Roku, Inc 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 sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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