Roku Inc (ROKU) Expected to Announce Quarterly Sales of $183.21 Million

Analysts expect Roku Inc (NASDAQ:ROKU) to announce $183.21 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Roku’s earnings. The lowest sales estimate is $182.04 million and the highest is $184.38 million. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Roku will report full year sales of $183.21 million for the current year, with estimates ranging from $506.54 million to $508.89 million. For the next year, analysts expect that the firm will report sales of $653.85 million per share, with estimates ranging from $644.85 million to $662.84 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Roku.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.68) by $1.58. The business had revenue of $124.80 million for the quarter, compared to the consensus estimate of $110.47 million. The firm’s revenue was up 40.1% compared to the same quarter last year.

ROKU has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on Roku in a report on Monday, October 23rd. They set a “buy” rating and a $28.00 price target on the stock. Vetr lowered shares of Roku from a “strong-buy” rating to a “buy” rating and set a $43.26 price objective on the stock. in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Thursday. Morgan Stanley raised their price objective on shares of Roku from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Finally, CIBC initiated coverage on shares of Roku in a research note on Monday, October 23rd. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Roku has an average rating of “Hold” and an average price target of $37.30.

Shares of Roku (NASDAQ:ROKU) opened at $46.28 on Friday. The firm has a market capitalization of $4,530.00 and a P/E ratio of -65.18. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of -0.09. Roku has a twelve month low of $15.75 and a twelve month high of $58.80.

Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. OxFORD Asset Management LLP acquired a new position in shares of Roku during the third quarter valued at approximately $12,899,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Roku during the third quarter valued at approximately $11,920,000. Dragoneer Investment Group LLC acquired a new position in shares of Roku during the third quarter valued at approximately $9,554,000. Jane Street Group LLC acquired a new position in shares of Roku during the third quarter valued at approximately $3,784,000. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of Roku during the third quarter valued at approximately $2,650,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Roku Inc (ROKU) Expected to Announce Quarterly Sales of $183.21 Million” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/roku-inc-roku-expected-to-announce-quarterly-sales-of-183-21-million.html.

About Roku

Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.

Get a free copy of the Zacks research report on Roku (ROKU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply