$805.46 Million in Sales Expected for Roku, Inc. (NASDAQ:ROKU) This Quarter

Wall Street brokerages expect Roku, Inc. (NASDAQ:ROKUGet Rating) to announce sales of $805.46 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Roku’s earnings. The highest sales estimate is $806.84 million and the lowest is $804.80 million. Roku posted sales of $645.12 million in the same quarter last year, which suggests a positive year over year growth rate of 24.9%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Roku will report full year sales of $3.72 billion for the current fiscal year, with estimates ranging from $3.68 billion to $3.73 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.72 billion, with estimates ranging from $4.07 billion to $5.10 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Roku.

Roku (NASDAQ:ROKUGet Rating) last announced its earnings results on Thursday, April 28th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $733.70 million during the quarter, compared to the consensus estimate of $718.56 million. Roku had a return on equity of 5.17% and a net margin of 4.78%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS.

Several research analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of Roku from $200.00 to $170.00 in a report on Friday, April 29th. Morgan Stanley dropped their price objective on shares of Roku from $115.00 to $105.00 in a report on Friday, April 29th. Rosenblatt Securities assumed coverage on shares of Roku in a report on Tuesday, April 19th. They set a “buy” rating and a $188.00 price objective on the stock. KeyCorp dropped their price objective on shares of Roku from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Roku from $210.00 to $150.00 in a research note on Friday, April 29th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, Roku currently has a consensus rating of “Buy” and an average price target of $230.69.

In related news, VP Scott A. Rosenberg sold 1,869 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $129.33, for a total transaction of $241,717.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mustafa Ozgen sold 4,077 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $129.30, for a total transaction of $527,156.10. The disclosure for this sale can be found here. Insiders have sold 165,946 shares of company stock worth $24,968,874 over the last quarter. 15.32% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Maverick Capital Ltd. raised its stake in shares of Roku by 147.1% during the third quarter. Maverick Capital Ltd. now owns 126 shares of the company’s stock worth $39,000 after buying an additional 75 shares during the last quarter. Bellwether Advisors LLC raised its stake in shares of Roku by 576.2% during the fourth quarter. Bellwether Advisors LLC now owns 142 shares of the company’s stock worth $32,000 after buying an additional 121 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of Roku during the fourth quarter worth approximately $34,000. Credit Agricole S A increased its stake in Roku by 60.0% in the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 63 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in Roku in the fourth quarter valued at approximately $39,000. 68.77% of the stock is owned by institutional investors and hedge funds.

NASDAQ:ROKU opened at $83.87 on Wednesday. The firm’s 50-day moving average is $112.53 and its 200-day moving average is $175.02. Roku has a 52-week low of $78.09 and a 52-week high of $490.76. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 85.58 and a beta of 1.95.

Roku Company Profile (Get Rating)

Roku, Inc, together with its subsidiaries, 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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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Earnings History and Estimates for Roku (NASDAQ:ROKU)

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$805.46 Million in Sales Expected for Roku, Inc. (NASDAQ:ROKU) This Quarter

Wall Street analysts forecast that Roku, Inc. (NASDAQ:ROKUGet Rating) will post sales of $805.46 million for the current quarter, Zacks reports. Seven analysts have made estimates for Roku’s earnings, with the lowest sales estimate coming in at $804.80 million and the highest estimate coming in at $806.84 million. Roku reported sales of $645.12 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.9%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Roku will report full-year sales of $3.72 billion for the current year, with estimates ranging from $3.68 billion to $3.73 billion. For the next financial year, analysts forecast that the firm will report sales of $4.72 billion, with estimates ranging from $4.07 billion to $5.10 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that follow Roku.

Roku (NASDAQ:ROKUGet Rating) last posted its earnings results on Thursday, April 28th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Roku had a return on equity of 5.17% and a net margin of 4.78%. The company had revenue of $733.70 million during the quarter, compared to analyst estimates of $718.56 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year.

A number of analysts have weighed in on ROKU shares. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Friday, April 29th. Oppenheimer decreased their target price on Roku from $185.00 to $155.00 in a report on Friday, April 29th. Wells Fargo & Company cut their price target on Roku from $305.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Friday, February 18th. Benchmark cut their price target on Roku from $305.00 to $240.00 in a research note on Thursday, April 21st. Finally, KeyCorp cut their price target on Roku from $165.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, April 11th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Roku presently has a consensus rating of “Buy” and an average price target of $230.69.

Shares of NASDAQ ROKU opened at $83.87 on Wednesday. The business has a fifty day simple moving average of $112.53 and a 200 day simple moving average of $175.02. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 85.58 and a beta of 1.95. Roku has a one year low of $78.09 and a one year high of $490.76.

In other news, VP Scott A. Rosenberg sold 1,869 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $129.33, for a total transaction of $241,717.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 80,000 shares of the stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $138.28, for a total value of $11,062,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,946 shares of company stock worth $24,968,874. 15.32% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of ROKU. Nikko Asset Management Americas Inc. grew its holdings in shares of Roku by 45.9% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 3,595,840 shares of the company’s stock worth $815,968,000 after buying an additional 1,131,757 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Roku by 40.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,914,587 shares of the company’s stock worth $893,309,000 after buying an additional 1,122,139 shares in the last quarter. Norges Bank bought a new position in shares of Roku during the fourth quarter worth about $200,467,000. Allspring Global Investments Holdings LLC bought a new position in shares of Roku during the fourth quarter worth about $169,489,000. Finally, Cibc World Markets Corp bought a new position in Roku in the fourth quarter valued at approximately $148,330,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

About Roku (Get Rating)

Roku, Inc, together with its subsidiaries, 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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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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)

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