Analysts predict that Roku Inc (NASDAQ:ROKU) will announce ($0.14) earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Roku’s earnings, with estimates ranging from ($0.15) to ($0.11). Roku posted earnings per share of ($8.79) in the same quarter last year, which would indicate a positive year-over-year growth rate of 98.4%. The firm is expected to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Roku will report full year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.07). For the next financial year, analysts forecast that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.28) to $0.11. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Roku.

ROKU has been the topic of a number of recent analyst reports. BidaskClub raised shares of Roku from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. UBS Group raised shares of Roku from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 3rd. Oppenheimer raised shares of Roku from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Tuesday, July 3rd. Zacks Investment Research downgraded shares of Roku from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Finally, KeyCorp increased their price target on shares of Roku from $44.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, July 17th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $62.25.

In related news, SVP Scott A. Rosenberg sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Chas Smith sold 87,272 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $47.91, for a total transaction of $4,181,201.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,495,181 shares of company stock worth $90,178,728. 0.55% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Spence Asset Management increased its position in shares of Roku by 1.5% in the third quarter. Spence Asset Management now owns 162,956 shares of the company’s stock worth $11,900,000 after purchasing an additional 2,451 shares during the last quarter. United Services Automobile Association bought a new position in Roku during the second quarter valued at approximately $317,000. Northern Trust Corp grew its position in Roku by 1,322.1% during the second quarter. Northern Trust Corp now owns 520,742 shares of the company’s stock valued at $22,193,000 after acquiring an additional 484,125 shares during the last quarter. Bank of New York Mellon Corp grew its position in Roku by 588.7% during the second quarter. Bank of New York Mellon Corp now owns 141,695 shares of the company’s stock valued at $6,039,000 after acquiring an additional 121,120 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Roku during the second quarter valued at approximately $288,000. Institutional investors own 33.75% of the company’s stock.

Shares of Roku stock traded up $4.33 on Friday, reaching $60.41. The stock had a trading volume of 14,195,168 shares, compared to its average volume of 6,646,812. Roku has a 1 year low of $18.35 and a 1 year high of $77.57. The company has a market cap of $7.75 billion and a price-to-earnings ratio of -26.97.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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