Roku Inc Expected to Earn Q4 2018 Earnings of $0.01 Per Share (ROKU)

Roku Inc (NASDAQ:ROKU) – Analysts at SunTrust Banks issued their Q4 2018 earnings estimates for shares of Roku in a report released on Tuesday, January 8th. SunTrust Banks analyst M. Thornton forecasts that the company will post earnings per share of $0.01 for the quarter. SunTrust Banks currently has a “Hold” rating and a $36.00 price objective on the stock. SunTrust Banks also issued estimates for Roku’s Q4 2019 earnings at $0.01 EPS.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC increased their target price on shares of Roku from $60.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. ValuEngine upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Wedbush started coverage on shares of Roku in a research report on Friday, October 5th. They set a “neutral” rating and a $73.00 target price for the company. Cannonball Research increased their target price on shares of Roku from $68.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. Our analysis of the composition of advertising revenue growth gives us incremental comfort with our revenue forecast for FY18-20. It also supports our Buy thesis based on the belief that ROKU works only if the advertising revenue story works. We think that inventory sell through which has been a relatively small revenue driver so far can become more significant in the mid-term. Finally, BidaskClub cut shares of Roku from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.86.

Shares of ROKU stock opened at $40.16 on Thursday. Roku has a 52-week low of $26.30 and a 52-week high of $77.57. The firm has a market capitalization of $3.68 billion, a PE ratio of -17.93 and a beta of 3.26.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Roku had a negative net margin of 1.33% and a negative return on equity of 4.46%. The company had revenue of $173.40 million during the quarter, compared to analysts’ expectations of $170.73 million. During the same quarter in the prior year, the company posted ($0.10) EPS. The business’s revenue was up 38.9% on a year-over-year basis.

In related news, CEO Anthony J. Wood sold 125,000 shares of the stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $62.21, for a total transaction of $7,776,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen H. Kay sold 36,000 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $56.92, for a total transaction of $2,049,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 376,448 shares of company stock valued at $18,962,492 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Rehmann Capital Advisory Group bought a new stake in Roku during the 3rd quarter worth about $59,000. North Star Investment Management Corp. bought a new stake in Roku during the 4th quarter worth about $92,000. Tower Research Capital LLC TRC bought a new stake in Roku during the 3rd quarter worth about $128,000. Stratos Wealth Partners LTD. bought a new stake in Roku during the 3rd quarter worth about $130,000. Finally, Patten Group Inc. grew its holdings in Roku by 671.5% during the 3rd quarter. Patten Group Inc. now owns 2,006 shares of the company’s stock worth $146,000 after acquiring an additional 1,746 shares during the last quarter. 46.29% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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