Research Analysts Offer Predictions for Roku FY2024 Earnings

Roku, Inc. (NASDAQ:ROKU) – Research analysts at Wedbush boosted their FY2024 earnings per share (EPS) estimates for shares of Roku in a research report issued on Wednesday, January 8th. Wedbush analyst A. Reese now forecasts that the company will earn ($1.09) per share for the year, up from their prior forecast of ($1.19). Wedbush currently has a “Outperform” rating and a $100.00 price objective on the stock. The consensus estimate for Roku’s current full-year earnings is ($1.10) per share. Wedbush also issued estimates for Roku’s Q4 2024 earnings at ($0.43) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.20) EPS and FY2025 earnings at ($0.96) EPS.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted ($2.33) earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year.

Several other research analysts have also commented on ROKU. Citigroup boosted their price objective on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Loop Capital upped their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Rosenblatt Securities lifted their target price on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku has a consensus rating of “Hold” and a consensus target price of $82.62.

Roku Price Performance

NASDAQ ROKU opened at $79.19 on Friday. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of -65.99 and a beta of 2.05. The company’s fifty day moving average price is $76.26 and its two-hundred day moving average price is $70.06. Roku has a 12 month low of $48.33 and a 12 month high of $99.80.

Institutional Trading of Roku

Institutional investors and hedge funds have recently made changes to their positions in the company. Choreo LLC acquired a new stake in shares of Roku during the second quarter worth $324,000. American Century Companies Inc. lifted its position in shares of Roku by 3.5% during the second quarter. American Century Companies Inc. now owns 25,847 shares of the company’s stock worth $1,549,000 after acquiring an additional 877 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Roku by 279.5% during the second quarter. Jupiter Asset Management Ltd. now owns 175,645 shares of the company’s stock valued at $10,526,000 after acquiring an additional 129,360 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Roku by 6.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 16,430 shares of the company’s stock valued at $982,000 after buying an additional 1,022 shares during the period. Finally, Federated Hermes Inc. grew its stake in Roku by 32.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,695 shares of the company’s stock worth $102,000 after buying an additional 417 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 10,771 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the transaction, the insider now directly owns 3,790 shares of the company’s stock, valued at $269,620.60. This represents a 73.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the transaction, the chief financial officer now owns 64,555 shares in the company, valued at $5,340,635.15. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,095 shares of company stock worth $3,731,038 in the last three months. Insiders own 13.98% of the company’s stock.

About Roku

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.