Roku (ROKU) to Release Quarterly Earnings on Wednesday

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Roku (NASDAQ:ROKU) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter. Roku has set its Q2 2019 guidance at EPS and its FY 2019 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The company had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $189.80 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Roku’s revenue for the quarter was up 51.3% compared to the same quarter last year. On average, analysts expect Roku to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ ROKU opened at $102.57 on Tuesday. The firm has a market capitalization of $11.40 billion, a PE ratio of -1,282.13 and a beta of 2.04. Roku has a 12 month low of $26.30 and a 12 month high of $113.44. The firm has a 50-day moving average of $101.95.

In related news, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $90.52, for a total value of $3,168,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeff Hastings sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.67, for a total transaction of $1,180,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 676,733 shares of company stock worth $67,106,092. 22.70% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on ROKU shares. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and increased their price target for the stock from $75.00 to $119.00 in a research report on Wednesday, June 5th. Vertical Group raised shares of Roku from a “negative” rating to a “mixed” rating in a research report on Wednesday, May 1st. Susquehanna Bancshares started coverage on shares of Roku in a research report on Monday, April 22nd. They set a “positive” rating and a $80.00 price target on the stock. Citigroup cut shares of Roku from a “neutral” rating to a “sell” rating and increased their price target for the stock from $53.00 to $60.60 in a research report on Monday, April 8th. Finally, Zacks Investment Research raised shares of Roku from a “hold” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Roku presently has an average rating of “Hold” and an average target price of $82.87.

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 for Roku (NASDAQ:ROKU)

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