Brokerages forecast that Roku Inc (NASDAQ:ROKU) will announce ($0.11) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Roku’s earnings, with estimates ranging from ($0.11) to ($0.10). The company is scheduled to issue its next 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 financial year, with EPS estimates ranging from ($2.88) to ($1.75). For the next fiscal year, analysts forecast that the business will post earnings of ($0.40) per share, with EPS estimates ranging from ($0.50) to ($0.30). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Roku.

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

ROKU has been the topic of a number of recent research reports. Vetr raised Roku from a “buy” rating to a “strong-buy” rating and set a $50.90 target price on the stock in a research report on Wednesday, November 29th. Morgan Stanley began coverage on Roku in a research report on Monday, October 23rd. They issued an “equal weight” rating and a $22.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target (up previously from $28.00) on shares of Roku in a research report on Monday, November 27th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Wednesday, January 10th. Finally, UBS Group downgraded Roku from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.16.

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company acquired a new position in Roku during the fourth quarter worth approximately $130,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Roku during the third quarter worth approximately $216,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Roku during the fourth quarter worth approximately $247,000. Kessler Investment Group LLC bought a new stake in shares of Roku during the fourth quarter worth approximately $254,000. Finally, Gabelli Funds LLC bought a new stake in shares of Roku during the fourth quarter worth approximately $259,000. 23.46% of the stock is currently owned by hedge funds and other institutional investors.

Roku (ROKU) traded down $1.24 during trading hours on Wednesday, hitting $42.46. The company had a trading volume of 3,582,699 shares, compared to its average volume of 3,766,461. The company has a debt-to-equity ratio of -0.09, a quick ratio of 1.11 and a current ratio of 1.36. Roku has a twelve month low of $15.75 and a twelve month high of $58.80.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/02/10/roku-inc-roku-expected-to-post-earnings-of-0-11-per-share.html.

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.

Get a free copy of the Zacks research report on Roku (ROKU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.