Brokerages Expect Roku Inc (ROKU) Will Post Earnings of -$0.14 Per Share
Wall Street brokerages expect that Roku Inc (NASDAQ:ROKU) will post ($0.14) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Roku’s earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.11). Roku posted earnings of ($8.79) per share in the same quarter last year, which would suggest a positive year over year growth rate of 98.4%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 7th.
According to Zacks, 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’ earnings per share averages are an average based on a survey of research analysts that cover Roku.
Several research analysts recently commented on ROKU shares. Zacks Investment Research cut Roku from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Loop Capital raised their price objective on Roku to $52.00 and gave the company a “hold” rating in a research report on Tuesday, August 28th. Citigroup raised their price objective on Roku to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, September 12th. BidaskClub raised Roku from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 24th. Finally, KeyCorp raised their price objective on Roku from $54.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, August 9th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $63.82.
In other news, VP Chas Smith sold 130,908 shares of Roku stock in a transaction on Friday, August 10th. The stock was sold at an average price of $58.09, for a total value of $7,604,445.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Stephen H. Kay sold 36,000 shares of Roku stock in a transaction on Monday, October 1st. The shares were sold at an average price of $76.42, for a total value of $2,751,120.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,264,754 shares of company stock worth $80,524,846. Corporate insiders own 0.55% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA bought a new stake in Roku during the 1st quarter worth $156,000. SevenBridge Financial Group LLC acquired a new position in Roku during the 2nd quarter worth about $158,000. Gabelli Funds LLC acquired a new position in Roku during the 2nd quarter worth about $213,000. Cynosure Advisors LLC acquired a new position in Roku during the 2nd quarter worth about $217,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Roku by 81.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 7,928 shares of the company’s stock worth $246,000 after buying an additional 3,562 shares during the period. Institutional investors own 33.57% of the company’s stock.
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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