Roku Inc (NASDAQ:ROKU) Forecasted to Earn Q1 2020 Earnings of ($0.37) Per Share

Roku Inc (NASDAQ:ROKU) – Equities research analysts at Wedbush issued their Q1 2020 EPS estimates for Roku in a report released on Monday, April 29th, Zacks Investment Research reports. Wedbush analyst M. Pachter expects that the company will post earnings of ($0.37) per share for the quarter. Wedbush has a “Neutral” rating and a $65.00 price objective on the stock. Wedbush also issued estimates for Roku’s Q2 2020 earnings at ($0.17) EPS, Q3 2020 earnings at ($0.33) EPS and Q4 2020 earnings at $0.32 EPS.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.15. The firm had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $189.80 million. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The company’s revenue was up 51.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share.

ROKU has been the topic of a number of other research reports. Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a report on Thursday, May 9th. BidaskClub upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Morgan Stanley lifted their price target on shares of Roku from $46.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. KeyCorp lifted their price target on shares of Roku from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Finally, Needham & Company LLC lifted their price target on shares of Roku from $45.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $73.98.

Shares of NASDAQ ROKU traded up $0.75 during midday trading on Thursday, reaching $84.03. 15,949,848 shares of the company were exchanged, compared to its average volume of 13,883,745. The stock has a market cap of $9.17 billion, a PE ratio of -1,050.38 and a beta of 3.61. Roku has a one year low of $26.30 and a one year high of $87.14.

Several large investors have recently bought and sold shares of the company. Weiss Asset Management LP bought a new stake in shares of Roku during the first quarter worth about $246,000. FMR LLC increased its position in shares of Roku by 12.1% during the first quarter. FMR LLC now owns 7,108,246 shares of the company’s stock worth $458,553,000 after acquiring an additional 767,418 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of Roku during the first quarter worth about $11,529,000. Adalta Capital Management LLC bought a new stake in shares of Roku during the first quarter worth about $220,000. Finally, Emerson Wealth Management LLC bought a new stake in shares of Roku during the first quarter worth about $323,000. 44.86% of the stock is owned by institutional investors.

In other news, Director Jeff Hastings sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $70.00, for a total transaction of $140,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $68.70, for a total transaction of $2,404,500.00. The disclosure for this sale can be found here. Insiders have sold 480,320 shares of company stock worth $31,081,416 in the last quarter. Company insiders own 22.70% of the company’s stock.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

Featured Article: No Load Funds

Get a free copy of the Zacks research report on Roku (ROKU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Roku (NASDAQ:ROKU)

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.