Roku Inc (ROKU) Expected to Post Earnings of -$0.11 Per Share

Brokerages expect Roku Inc (NASDAQ:ROKU) to report ($0.11) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Roku’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Roku will report full year earnings of ($2.32) per share for the current fiscal year, with EPS estimates ranging from ($2.88) to ($1.75). For the next fiscal year, analysts forecast that the company will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.50) to ($0.30). Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Roku.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($1.68) by $1.58. The company had revenue of $124.80 million during the quarter, compared to the consensus estimate of $110.47 million. Roku’s quarterly revenue was up 40.1% compared to the same quarter last year.

ROKU has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Roku in a report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Roku in a report on Monday, October 23rd. They issued a “sector perform” rating and a $26.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Roku in a report on Monday, October 23rd. They issued a “buy” rating and a $28.00 price objective for the company. Citigroup initiated coverage on shares of Roku in a report on Monday, October 23rd. They issued a “neutral” rating and a $24.00 price objective for the company. Finally, Oppenheimer initiated coverage on shares of Roku in a report on Monday, October 23rd. They issued a “market perform” rating and a $26.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.16.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new position in Roku during the 3rd quarter worth approximately $216,000. Kessler Investment Group LLC bought a new position in Roku during the 4th quarter worth approximately $254,000. Gabelli Funds LLC bought a new position in Roku during the 4th quarter worth approximately $259,000. SG Americas Securities LLC bought a new position in Roku during the 3rd quarter worth approximately $273,000. Finally, DAVENPORT & Co LLC bought a new position in Roku during the 4th quarter worth approximately $324,000. Institutional investors and hedge funds own 23.46% of the company’s stock.

Roku (ROKU) traded up $2.19 during mid-day trading on Wednesday, hitting $44.09. 1,696,090 shares of the stock were exchanged, compared to its average volume of 5,022,396. Roku has a 52-week low of $15.75 and a 52-week high of $58.80. The company has a debt-to-equity ratio of -0.09, a current ratio of 1.36 and a quick ratio of 1.11.

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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.

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