Roku (ROKU:NSD) is expected to report its earnings data after the market closes on Wednesday, April 26th. Roku stock forecast by analysts shows that the company will post a loss of $1.48 per share for the quarter, according to reports. The firm’s Q1 2023 guidance is set at earnings per share.
Previous Quarter Earnings:
In its last quarterly earnings report released on February 15th, Roku announced a loss of $1.70 earnings per share (EPS) for the quarter. This beat analysts’ consensus estimates of a loss of $1.74 per share by $0.04.
The company generated $867.06 million in revenue during the quarter, compared to the expected $803.32 million. The company’s revenue increased by 0.2% year-over-year, and its net margin and return on equity remained negative. Roku’s stock opened at $64.84 on Wednesday, and it has a market cap of $9.08 billion.
ROKU Stock-Insider Transactions:
In terms of insider trading, several of the company’s senior vice presidents have sold shares in recent weeks. SVP Stephen H. Kay sold 2,763 shares at $75.00 per share, making a total of $207,225.00 on February 16th. Insider Mustafa Ozgen also sold 8,812 shares of the stock at $61.93 per share, earning $545,727.16 on March 2nd. Additionally, SVP Stephen H. Kay sold 2,763 shares of the ROKU stock in a transaction on February 16th. These transactions were disclosed in filings with the SEC.
Institutional Holdings:
Institutional trading of Roku has seen some changes in recent months, with hedge funds and institutional investors making adjustments to their positions in the stock. Institutional investors and hedge funds own 66.11% of the ROKU stock.
ROKU Stock Forecast-Analyst Ratings:
A number of research firms have commented on Roku, with Citigroup lowering their price target on shares of the company from $80.00 to $75.00 and setting a “buy” rating in a research note on February 14th.
Rosenblatt Securities reduced their target price on shares of Roku from $76.00 to $64.00 and set a “neutral” rating on the stock in a research report on March 31st.
Finally, Loop Capital raised their target price on the stock from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, April 1st.
Company Profile:
Roku, Inc., together with its subsidiaries, operates a TV streaming platform. 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.
It offers its products and services through retailers and distributors, as well as directly to customers through its website in the United States, Mexico, Canada, the United Kingdom, Brazil, and Germany. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.
