What is Wedbush’s Estimate for Roku FY2024 Earnings?

Roku, Inc. (NASDAQ:ROKU) – Stock analysts at Wedbush increased their FY2024 earnings per share estimates for Roku in a research report issued to clients and investors on Thursday, October 31st. Wedbush analyst A. Reese now expects that the company will post earnings per share of ($1.19) for the year, up from their prior forecast of ($1.39). Wedbush has a “Outperform” rating and a $85.00 price target on the stock. The consensus estimate for Roku’s current full-year earnings is ($1.41) per share. Wedbush also issued estimates for Roku’s Q4 2024 earnings at ($0.54) EPS, Q1 2025 earnings at ($0.41) EPS, Q2 2025 earnings at ($0.26) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($1.02) EPS and FY2026 earnings at $0.19 EPS.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.30%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted ($2.33) earnings per share. Roku’s revenue for the quarter was up 16.5% compared to the same quarter last year.

A number of other research firms also recently commented on ROKU. Loop Capital upped their price objective on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday. Jefferies Financial Group decreased their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday. Benchmark reissued a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Robert W. Baird upped their price objective on shares of Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, September 30th. Finally, Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Roku presently has an average rating of “Hold” and an average price target of $83.95.

Roku Stock Up 2.5 %

ROKU stock opened at $65.70 on Monday. Roku has a twelve month low of $48.33 and a twelve month high of $108.84. The company has a market cap of $9.51 billion, a P/E ratio of -54.75 and a beta of 2.07. The business’s fifty day moving average is $73.22 and its 200-day moving average is $63.79.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the completion of the sale, the chief financial officer now owns 53,267 shares of the company’s stock, valued at $4,061,608.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total value of $1,930,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $387,544. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total value of $76,250.00. Following the sale, the chief financial officer now owns 53,267 shares of the company’s stock, valued at $4,061,608.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,566 shares of company stock valued at $5,254,000. 13.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PFG Investments LLC grew its holdings in shares of Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after purchasing an additional 150 shares during the last quarter. Mcdonald Partners LLC boosted its position in Roku by 0.9% in the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after buying an additional 175 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after buying an additional 202 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Roku by 11.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its stake in shares of Roku by 17.7% in the 1st quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock valued at $101,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.