Equities analysts forecast that Roku Inc (NASDAQ:ROKU) will post earnings per share (EPS) of ($0.25) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Roku’s earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.22). Roku reported earnings per share of ($0.07) in the same quarter last year, which suggests a negative year-over-year growth rate of 257.1%. The company is expected to issue its next earnings results on Wednesday, May 8th.

On average, analysts expect that Roku will report full-year earnings of ($0.72) per share for the current financial year, with EPS estimates ranging from ($0.86) to ($0.64). For the next year, analysts anticipate that the firm will post earnings of ($0.58) per share, with EPS estimates ranging from ($0.84) to ($0.44). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Roku.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 21st. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. The company had revenue of $275.74 million for the quarter, compared to analyst estimates of $262.57 million.

ROKU has been the topic of a number of recent research reports. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, January 9th. Citigroup lifted their target price on Roku from $44.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th. Loop Capital decreased their target price on Roku to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, January 15th. DA Davidson lifted their target price on Roku to $60.00 and gave the stock an “average” rating in a research report on Friday, February 22nd. Finally, SunTrust Banks lifted their target price on Roku to $63.00 and gave the stock a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.07.

In related news, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $31.37, for a total value of $1,097,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chas Smith sold 16,319 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $30.23, for a total transaction of $493,323.37. The disclosure for this sale can be found here. Insiders sold a total of 433,639 shares of company stock valued at $22,880,175 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Rehmann Capital Advisory Group bought a new position in Roku in the 3rd quarter worth approximately $59,000. We Are One Seven LLC bought a new position in Roku in the 4th quarter worth approximately $27,000. Capital Investment Advisory Services LLC acquired a new stake in Roku during the 4th quarter worth $35,000. Essex Investment Management Co. LLC acquired a new stake in Roku during the 4th quarter worth $49,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Roku during the 3rd quarter worth $128,000. Hedge funds and other institutional investors own 42.91% of the company’s stock.

Shares of NASDAQ:ROKU opened at $62.79 on Tuesday. Roku has a 52-week low of $26.30 and a 52-week high of $77.57. The stock has a market capitalization of $6.91 billion, a PE ratio of -784.88 and a beta of 3.90.

Roku Company Profile

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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