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

Equities analysts expect Roku Inc (NASDAQ:ROKU) to report $183.21 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Roku’s earnings. The lowest sales estimate is $182.04 million and the highest is $184.38 million. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, February 21st.

On average, 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 fiscal year, analysts anticipate that the company will report sales of $656.90 million per share, with estimates ranging from $644.85 million to $663.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Roku.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million for the quarter, compared to the consensus estimate of $110.47 million. The business’s revenue for the quarter was up 40.1% on a year-over-year basis.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Roku in the 4th quarter worth $130,000. Kessler Investment Group LLC purchased a new position in shares of Roku in the 4th quarter worth $254,000. Gabelli Funds LLC purchased a new position in shares of Roku in the 4th quarter worth $259,000. DAVENPORT & Co LLC purchased a new position in shares of Roku in the 4th quarter worth $324,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Roku in the 3rd quarter worth $216,000. 23.46% of the stock is owned by institutional investors.

Shares of Roku (NASDAQ ROKU) opened at $43.70 on Friday. The company has a market cap of $4,270.00 and a price-to-earnings ratio of -61.55. 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 quick ratio of 1.11 and a current ratio of 1.36.

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Roku Company Profile

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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