Roku (ROKU) to Release Quarterly Earnings on Thursday

Roku (NASDAQ:ROKU) will likely be releasing its earnings data before the market opens on Thursday, April 24th. Analysts expect Roku to post earnings of ($0.27) per share and revenue of $1.01 billion for the quarter. Roku has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts expect Roku to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $58.40 on Thursday. The company has a market capitalization of $8.52 billion, a PE ratio of -65.62 and a beta of 2.17. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The business has a fifty day moving average price of $75.08 and a 200-day moving average price of $76.24.

Insider Activity

In related news, CEO Anthony J. Wood sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares of the company’s stock, valued at $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dan Jedda sold 5,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the sale, the chief financial officer now owns 58,555 shares of the company’s stock, valued at $5,878,922. This trade represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,905 shares of company stock valued at $6,560,876. 13.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ROKU shares. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Benchmark increased their price objective on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Redburn Atlantic raised Roku from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, April 7th. Bank of America began coverage on shares of Roku in a research report on Thursday, March 27th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.54.

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.