-$0.30 Earnings Per Share Expected for Roku Inc (NASDAQ:ROKU) This Quarter

Equities research analysts forecast that Roku Inc (NASDAQ:ROKU) will post ($0.30) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Roku’s earnings, with the highest EPS estimate coming in at ($0.26) and the lowest estimate coming in at ($0.33). Roku posted earnings per share of ($0.09) in the same quarter last year, which would suggest a negative year over year growth rate of 233.3%. The company is expected to announce its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Roku will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.48). For the next year, analysts anticipate that the firm will report earnings of ($0.46) per share, with EPS estimates ranging from ($0.70) to ($0.28). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Roku.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.14. The firm had revenue of $250.10 million for the quarter, compared to the consensus estimate of $223.36 million. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The company’s revenue was up 59.5% on a year-over-year basis.

A number of brokerages have issued reports on ROKU. Oppenheimer upped their target price on Roku from $79.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Morgan Stanley upped their target price on Roku from $46.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. ValuEngine cut Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, Vertical Group raised Roku from a “mixed” rating to a “positive” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $102.98.

In related news, SVP Stephen H. Kay sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $137.75, for a total value of $1,653,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott A. Rosenberg sold 13,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $88.94, for a total value of $1,156,220.00. The disclosure for this sale can be found here. Insiders sold 620,733 shares of company stock valued at $63,611,652 over the last 90 days. 22.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of Roku by 12.1% in the first quarter. FMR LLC now owns 7,108,246 shares of the company’s stock valued at $458,553,000 after purchasing an additional 767,418 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Roku by 17.4% in the second quarter. Vanguard Group Inc. now owns 6,582,049 shares of the company’s stock valued at $596,202,000 after purchasing an additional 975,714 shares in the last quarter. Morgan Stanley raised its stake in Roku by 517.2% during the second quarter. Morgan Stanley now owns 3,966,759 shares of the company’s stock worth $359,308,000 after acquiring an additional 3,324,069 shares in the last quarter. BlackRock Inc. raised its stake in Roku by 17.4% during the second quarter. BlackRock Inc. now owns 3,962,459 shares of the company’s stock worth $358,918,000 after acquiring an additional 588,499 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in Roku by 24.5% during the second quarter. Baillie Gifford & Co. now owns 2,276,963 shares of the company’s stock worth $206,248,000 after acquiring an additional 448,539 shares in the last quarter. Institutional investors and hedge funds own 51.11% of the company’s stock.

NASDAQ ROKU traded down $1.40 on Monday, hitting $137.74. 11,159,982 shares of the company were exchanged, compared to its average volume of 10,422,867. The company’s 50 day moving average price is $113.00 and its 200-day moving average price is $83.49. The firm has a market capitalization of $16.11 billion, a P/E ratio of -1,721.75 and a beta of 2.04. Roku has a twelve month low of $26.30 and a twelve month high of $143.36.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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