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.
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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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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