Roku (ROKU) Set to Announce Earnings on Wednesday

Roku (NASDAQ:ROKU) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Roku to post earnings of ($0.35) per share for the quarter. Roku has set its Q3 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.21. The firm had revenue of $968.18 million during the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.76) earnings per share. On average, analysts expect Roku to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roku Trading Down 0.3 %

ROKU opened at $76.79 on Wednesday. Roku has a 12 month low of $48.33 and a 12 month high of $108.84. The company has a market cap of $11.11 billion, a PE ratio of -22.13 and a beta of 2.08. The company has a 50 day moving average of $71.40 and a 200 day moving average of $63.08.

Insiders Place Their Bets

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $77.20, for a total value of $1,930,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $387,544. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,566 shares of company stock valued at $5,254,000 in the last ninety days. Company insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ROKU shares. Macquarie boosted their price objective on Roku from $72.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Bank of America boosted their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Rosenblatt Securities lowered their target price on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $81.24.

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.