$224.75 Million in Sales Expected for Roku Inc (NASDAQ:ROKU) This Quarter

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Equities analysts expect that Roku Inc (NASDAQ:ROKU) will report sales of $224.75 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Roku’s earnings. The lowest sales estimate is $222.83 million and the highest is $230.00 million. Roku posted sales of $156.81 million during the same quarter last year, which suggests a positive year over year growth rate of 43.3%. The company is scheduled to report its next earnings report on Wednesday, August 14th.

On average, analysts expect that Roku will report full-year sales of $1.04 billion for the current year, with estimates ranging from $1.01 billion to $1.07 billion. For the next year, analysts anticipate that the business will report sales of $1.38 billion, with estimates ranging from $1.35 billion to $1.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Roku.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $206.70 million for the quarter, compared to the consensus estimate of $189.80 million. During the same period in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year.

Several research firms have commented on ROKU. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $119.00 in a report on Wednesday, June 5th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price (up from $85.00) on shares of Roku in a report on Wednesday, May 29th. Stephens downgraded Roku from an “overweight” rating to an “equal weight” rating and set a $95.12 target price on the stock. in a report on Tuesday, May 28th. BidaskClub raised Roku from a “buy” rating to a “strong-buy” rating in a report on Friday, May 24th. Finally, DA Davidson boosted their target price on Roku from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $80.51.

Roku stock opened at $104.86 on Thursday. Roku has a 12 month low of $26.30 and a 12 month high of $105.33. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of -1,310.75 and a beta of 2.39.

In other news, VP Scott A. Rosenberg sold 3,356 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $94.60, for a total value of $317,477.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Hastings sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $140,000.00. The disclosure for this sale can be found here. Insiders sold 235,887 shares of company stock valued at $18,259,250 in the last 90 days. Company insiders own 22.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Roku by 12.1% in the first quarter. FMR LLC now owns 7,108,246 shares of the company’s stock worth $458,553,000 after purchasing an additional 767,418 shares during the last quarter. BlackRock Inc. raised its stake in shares of Roku by 5.9% in the fourth quarter. BlackRock Inc. now owns 3,527,905 shares of the company’s stock worth $108,096,000 after purchasing an additional 197,400 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Roku in the first quarter worth $184,215,000. Whale Rock Capital Management LLC purchased a new position in shares of Roku in the first quarter worth $134,318,000. Finally, Wellington Management Group LLP raised its stake in shares of Roku by 643.3% in the first quarter. Wellington Management Group LLP now owns 1,956,388 shares of the company’s stock worth $126,207,000 after purchasing an additional 1,693,168 shares during the last quarter. Hedge funds and other institutional investors own 50.52% of the company’s stock.

Roku Company Profile

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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