Zacks: Brokerages Expect Roku, Inc. (NASDAQ:ROKU) Will Announce Earnings of -$0.77 Per Share

Analysts predict that Roku, Inc. (NASDAQ:ROKUGet Rating) will post ($0.77) earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Roku’s earnings, with the lowest EPS estimate coming in at ($0.92) and the highest estimate coming in at ($0.53). Roku posted earnings per share of $0.52 in the same quarter last year, which would indicate a negative year over year growth rate of 248.1%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Roku will report full-year earnings of ($1.84) per share for the current financial year, with EPS estimates ranging from ($2.32) to ($1.07). For the next fiscal year, analysts forecast that the business will report earnings of ($1.05) per share, with EPS estimates ranging from ($2.14) to $0.48. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Roku.

Roku (NASDAQ:ROKUGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) 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 during the quarter, compared to the consensus estimate of $718.56 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 27.8% on a year-over-year basis.

A number of equities research analysts have commented on the company. Morgan Stanley reduced their price target on Roku from $115.00 to $105.00 in a research report on Friday, April 29th. Oppenheimer reduced their price target on Roku from $185.00 to $155.00 in a research report on Friday, April 29th. KeyCorp reduced their price target on Roku from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, April 11th. JPMorgan Chase & Co. dropped their price objective on Roku from $225.00 to $175.00 in a research note on Friday, April 29th. Finally, Guggenheim boosted their price objective on Roku from $135.00 to $145.00 in a research note on Thursday, March 31st. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has a consensus rating of “Buy” and an average price target of $230.69.

In related news, VP Scott A. Rosenberg sold 1,869 shares of the business’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 legal filing with the SEC, which is available through this link. Also, SVP Mustafa Ozgen sold 4,077 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $129.30, for a total value of $527,156.10. The disclosure for this sale can be found here. Insiders sold a total of 165,946 shares of company stock worth $24,968,874 over the last 90 days. 15.32% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Roku by 772.1% during the first quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after buying an additional 2,486,100 shares during the period. Northern Trust Corp increased its position in shares of Roku by 0.9% during the first quarter. Northern Trust Corp now owns 724,786 shares of the company’s stock valued at $90,795,000 after buying an additional 6,420 shares during the period. Verition Fund Management LLC increased its position in shares of Roku by 331.8% during the first quarter. Verition Fund Management LLC now owns 5,816 shares of the company’s stock valued at $729,000 after buying an additional 4,469 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Roku by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 369,593 shares of the company’s stock worth $46,299,000 after purchasing an additional 12,436 shares in the last quarter. Finally, Premier Asset Management LLC purchased a new position in shares of Roku during the first quarter worth about $2,400,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Shares of NASDAQ ROKU traded up $10.34 during trading on Monday, reaching $97.84. The company had a trading volume of 8,905,700 shares, compared to its average volume of 7,803,104. The company’s fifty day moving average price is $110.58 and its 200-day moving average price is $171.15. Roku has a 12 month low of $75.12 and a 12 month high of $490.76. The stock has a market cap of $13.30 billion, a P/E ratio of 99.84 and a beta of 1.95.

About Roku (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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