Equities analysts expect Roku Inc (NASDAQ:ROKU) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Roku’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.11). The company is expected to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Roku will report full-year earnings of ($2.32) per share for the current financial year, with EPS estimates ranging from ($2.88) to ($1.75). For the next year, analysts forecast that the company will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.50) to ($0.30). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Roku.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.68) by $1.58. The firm had revenue of $124.80 million for the quarter, compared to analyst estimates of $110.47 million. The business’s quarterly revenue was up 40.1% compared to the same quarter last year.

Several research analysts have recently weighed in on the stock. Vetr upgraded shares of Roku from a “buy” rating to a “strong-buy” rating and set a $47.12 price target for the company in a report on Tuesday, January 30th. Zacks Investment Research cut shares of Roku from a “buy” rating to a “hold” rating in a report on Friday, January 19th. BidaskClub cut shares of Roku from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Citigroup cut shares of Roku from a “neutral” rating to a “sell” rating and set a $24.00 price target for the company. in a report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Roku has a consensus rating of “Hold” and an average price target of $35.16.

Roku (ROKU) traded up $2.19 during trading on Wednesday, hitting $44.09. 1,696,090 shares of the stock traded hands, compared to its average volume of 5,022,396. Roku has a 12 month low of $15.75 and a 12 month high of $58.80. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of -0.09.

Hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new stake in shares of Roku in the third quarter worth $9,554,000. Jane Street Group LLC bought a new stake in shares of Roku in the third quarter worth $3,784,000. Pier Capital LLC bought a new stake in shares of Roku in the third quarter worth $1,454,000. OxFORD Asset Management LLP bought a new stake in shares of Roku in the third quarter worth $12,899,000. Finally, Kessler Investment Group LLC bought a new stake in shares of Roku in the fourth quarter worth $254,000. 23.46% of the stock is currently owned by institutional investors and hedge funds.

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Roku Company Profile

Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.

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