Roku Inc (NASDAQ:ROKU) Expected to Announce Quarterly Sales of $224.75 Million

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Brokerages expect that Roku Inc (NASDAQ:ROKU) will report sales of $224.75 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Roku’s earnings, with the highest sales estimate coming in at $230.00 million and the lowest estimate coming in at $222.83 million. Roku reported sales of $156.81 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 43.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 7th.

On average, analysts expect that Roku will report full-year sales of $1.04 billion for the current year, with estimates ranging from $1.01 billion to $1.07 billion. For the next fiscal year, analysts expect that the company will report sales of $1.38 billion, with estimates ranging from $1.35 billion to $1.42 billion. Zacks Investment Research’s sales 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, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The business had revenue of $206.70 million during the quarter, compared to the consensus estimate of $189.80 million. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was up 51.3% on a year-over-year basis.

A number of research firms have recently commented on ROKU. DA Davidson raised their price target on Roku from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and raised their price target for the stock from $75.00 to $119.00 in a report on Wednesday, June 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target (up from $85.00) on shares of Roku in a report on Wednesday, May 29th. Citigroup lowered Roku from a “neutral” rating to a “sell” rating and raised their price target for the stock from $53.00 to $60.60 in a report on Monday, April 8th. Finally, ValuEngine lowered Roku from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.87.

In related news, Director Jeff Hastings sold 15,000 shares of Roku stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.67, for a total transaction of $1,180,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 400,000 shares of Roku stock in a transaction on Monday, June 17th. The shares were sold at an average price of $103.35, for a total value of $41,340,000.00. The disclosure for this sale can be found here. Insiders have sold 676,733 shares of company stock valued at $67,106,092 in the last three months. 22.70% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position in shares of Roku by 217.1% during the fourth quarter. California Public Employees Retirement System now owns 29,065 shares of the company’s stock worth $891,000 after purchasing an additional 19,900 shares in the last quarter. Northern Trust Corp lifted its stake in Roku by 1.3% during the fourth quarter. Northern Trust Corp now owns 544,362 shares of the company’s stock worth $16,679,000 after purchasing an additional 6,789 shares during the last quarter. United Services Automobile Association lifted its stake in Roku by 25.8% during the fourth quarter. United Services Automobile Association now owns 8,316 shares of the company’s stock worth $255,000 after purchasing an additional 1,705 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Roku by 17.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 87,395 shares of the company’s stock worth $2,678,000 after purchasing an additional 12,709 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Roku by 13.8% during the fourth quarter. Stifel Financial Corp now owns 9,930 shares of the company’s stock worth $303,000 after purchasing an additional 1,205 shares during the last quarter. 50.19% of the stock is owned by institutional investors.

NASDAQ:ROKU opened at $103.33 on Monday. The stock has a fifty day moving average price of $102.19. Roku has a 1 year low of $26.30 and a 1 year high of $113.44. The stock has a market capitalization of $11.92 billion, a P/E ratio of -1,291.63 and a beta of 2.03.

About Roku

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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