Equities analysts expect that Roku Inc (NASDAQ:ROKU) will announce sales of $169.71 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Roku’s earnings, with estimates ranging from $167.77 million to $171.37 million. Roku reported sales of $124.78 million during the same quarter last year, which indicates a positive year-over-year growth rate of 36%. The business is expected to announce its next earnings results on Wednesday, November 14th.
On average, analysts expect that Roku will report full year sales of $720.62 million for the current financial year, with estimates ranging from $710.55 million to $726.40 million. For the next year, analysts anticipate that the company will post sales of $960.38 million per share, with estimates ranging from $937.03 million to $979.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Roku.
A number of research analysts recently issued reports on ROKU shares. Zacks Investment Research downgraded Roku from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. KeyCorp restated an “overweight” rating and set a $81.00 price target (up previously from $67.00) on shares of Roku in a report on Tuesday, September 11th. BidaskClub upgraded Roku from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. ValuEngine upgraded Roku from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $60.00 price target (up previously from $50.00) on shares of Roku in a report on Monday, July 23rd. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.38.
Hedge funds have recently bought and sold shares of the business. SevenBridge Financial Group LLC purchased a new position in shares of Roku during the 2nd quarter worth approximately $158,000. BNP Paribas Arbitrage SA purchased a new position in shares of Roku during the 1st quarter worth approximately $156,000. Gabelli Funds LLC purchased a new position in shares of Roku during the 2nd quarter worth approximately $213,000. Cynosure Advisors LLC purchased a new position in shares of Roku during the 2nd quarter worth approximately $217,000. Finally, Marathon Trading Investment Management LLC purchased a new position in shares of Roku during the 2nd quarter worth approximately $248,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.
Shares of NASDAQ:ROKU opened at $72.86 on Friday. Roku has a 1 year low of $15.75 and a 1 year high of $74.25. The stock has a market cap of $7.64 billion and a P/E ratio of -31.41.
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.
Featured Story: Closed-End Mutual Funds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.