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.
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.
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.
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