Zacks: Brokerages Anticipate Roku Inc (NASDAQ:ROKU) to Announce -$0.28 Earnings Per Share

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Analysts expect Roku Inc (NASDAQ:ROKU) to announce earnings of ($0.28) per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Roku’s earnings. The lowest EPS estimate is ($0.31) and the highest is ($0.25). Roku posted earnings of ($0.09) per share in the same quarter last year, which would suggest a negative year over year growth rate of 211.1%. The firm is expected to report its next earnings report on Wednesday, November 6th.

On average, analysts expect that Roku will report full-year earnings of ($0.50) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.42). For the next financial year, analysts expect that the firm will post earnings of ($0.48) per share, with EPS estimates ranging from ($0.65) to ($0.33). Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Roku.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.14. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The company had revenue of $250.10 million for the quarter, compared to analyst estimates of $223.36 million. The business’s revenue was up 59.5% on a year-over-year basis.

ROKU has been the topic of a number of research reports. Vertical Group raised Roku from a “mixed” rating to a “positive” rating in a report on Wednesday, August 7th. Pivotal Research initiated coverage on Roku in a report on Friday, September 20th. They set a “sell” rating and a $60.00 price target on the stock. Stephens raised Roku from an “equal” rating to an “overweight” rating and raised their price target for the stock from $84.00 to $120.00 in a report on Thursday, August 8th. DA Davidson raised their price target on Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, BidaskClub raised Roku from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $112.98.

In other news, Director Mai Fyfield sold 306 shares of Roku stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $140.08, for a total transaction of $42,864.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mustafa Ozgen sold 9,989 shares of Roku stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $164.79, for a total transaction of $1,646,087.31. Following the sale, the senior vice president now owns 9,989 shares of the company’s stock, valued at $1,646,087.31. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,419 shares of company stock valued at $23,162,426. 22.70% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its position in shares of Roku by 1,000.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock valued at $35,000 after acquiring an additional 500 shares during the period. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Roku during the 2nd quarter valued at approximately $43,000. Flagship Harbor Advisors LLC lifted its position in shares of Roku by 64.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company’s stock valued at $43,000 after acquiring an additional 187 shares during the period. James Investment Research Inc. lifted its position in shares of Roku by 68.4% during the 2nd quarter. James Investment Research Inc. now owns 825 shares of the company’s stock valued at $75,000 after acquiring an additional 335 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Roku during the 2nd quarter valued at approximately $80,000. Institutional investors own 52.54% of the company’s stock.

NASDAQ ROKU opened at $108.00 on Friday. Roku has a 52-week low of $26.30 and a 52-week high of $176.55. The business’s 50-day moving average price is $131.82 and its 200 day moving average price is $99.49. The firm has a market cap of $12.41 billion, a P/E ratio of -1,350.00 and a beta of 1.68.

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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