$0.01 EPS Expected for Roku Inc (ROKU) This Quarter

Brokerages predict that Roku Inc (NASDAQ:ROKU) will announce earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Roku’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at ($0.02). Roku posted earnings per share of $0.06 in the same quarter last year, which suggests a negative year over year growth rate of 83.3%. The business is expected to announce its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Roku will report full-year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.16) to ($0.11). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.18) per share, with EPS estimates ranging from ($0.36) to $0.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Roku.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The company had revenue of $173.40 million during the quarter, compared to analyst estimates of $170.73 million. Roku had a negative net margin of 1.33% and a negative return on equity of 4.46%. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) EPS.

Several equities research analysts recently issued reports on ROKU shares. BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Loop Capital increased their target price on shares of Roku to $52.00 and gave the stock a “hold” rating in a report on Tuesday, August 28th. Guggenheim started coverage on shares of Roku in a report on Tuesday, September 4th. They issued a “buy” rating and a $74.00 target price for the company. KeyCorp reissued an “overweight” rating and issued a $81.00 target price (up from $67.00) on shares of Roku in a report on Tuesday, September 11th. Finally, Citigroup increased their target price on shares of Roku to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Roku has a consensus rating of “Buy” and an average target price of $65.14.

Roku stock traded down $2.90 during midday trading on Friday, hitting $37.92. The stock had a trading volume of 4,999,894 shares, compared to its average volume of 6,143,438. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of -16.93 and a beta of 3.24. Roku has a 52-week low of $29.00 and a 52-week high of $77.57.

In other Roku news, VP Chas Smith sold 99,129 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $52.08, for a total transaction of $5,162,638.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen H. Kay sold 36,000 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $76.42, for a total transaction of $2,751,120.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 836,489 shares of company stock valued at $55,135,368. Insiders own 0.55% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Rehmann Capital Advisory Group bought a new position in shares of Roku during the 3rd quarter valued at approximately $59,000. Commonwealth Equity Services LLC boosted its position in shares of Roku by 17.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,331 shares of the company’s stock valued at $398,000 after acquiring an additional 1,403 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Roku during the 3rd quarter valued at approximately $128,000. Patten Group Inc. boosted its position in shares of Roku by 671.5% during the 3rd quarter. Patten Group Inc. now owns 2,006 shares of the company’s stock valued at $146,000 after acquiring an additional 1,746 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Roku during the 3rd quarter valued at approximately $130,000. 46.35% of the stock is owned by institutional investors and hedge funds.

About Roku

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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