Brokerages Anticipate Roku Inc (ROKU) to Announce -$0.14 EPS

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Brokerages predict that Roku Inc (NASDAQ:ROKU) will report earnings per share of ($0.14) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Roku’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.15). Roku reported earnings per share of ($8.79) in the same quarter last year, which would suggest a positive year-over-year growth rate of 98.4%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Roku will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.21) to ($0.13). For the next year, analysts forecast that the business will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.28) to $0.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Roku.

ROKU has been the topic of several analyst reports. Morgan Stanley upgraded Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 target price on the stock in a report on Tuesday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 target price (up previously from $50.00) on shares of Roku in a report on Monday, July 23rd. Zacks Investment Research lowered Roku from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Oppenheimer upgraded Roku from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, July 3rd. Finally, ValuEngine upgraded Roku from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $53.38.

ROKU traded down $1.46 on Friday, hitting $61.74. 217,899 shares of the company were exchanged, compared to its average volume of 11,243,470. Roku has a 12 month low of $15.75 and a 12 month high of $64.48. The firm has a market capitalization of $6.31 billion and a PE ratio of -27.86.

In other Roku news, CEO Anthony J. Wood sold 370,486 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $57.10, for a total value of $21,154,750.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 248,578 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $43.73, for a total value of $10,870,315.94. The disclosure for this sale can be found here. Insiders sold 1,289,671 shares of company stock worth $65,432,463 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Roku by 408.3% during the second quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock worth $138,307,000 after purchasing an additional 2,606,673 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Roku during the first quarter worth approximately $41,714,000. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Roku by 63.0% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,960,515 shares of the company’s stock worth $126,177,000 after purchasing an additional 1,144,727 shares during the period. Whale Rock Capital Management LLC bought a new position in shares of Roku during the second quarter worth approximately $31,972,000. Finally, EastBay Asset Management LLC bought a new position in shares of Roku during the second quarter worth approximately $25,971,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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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