Roku (ROKU) to Release Quarterly Earnings on Thursday

Roku (NASDAQ:ROKU - Get Free Report) is expected to release its Q4 2024 earnings data after the market closes on Thursday, February 13th. Analysts expect Roku to post earnings of ($0.44) per share and revenue of $1.15 billion for the quarter. Roku has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. On average, analysts expect Roku to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roku Stock Up 14.1 %

ROKU traded up $12.27 during trading on Friday, hitting $99.07. The company's stock had a trading volume of 18,449,453 shares, compared to its average volume of 3,706,785. Roku has a twelve month low of $48.33 and a twelve month high of $104.96. The stock's fifty day moving average price is $80.56 and its 200-day moving average price is $73.65. The firm has a market capitalization of $14.38 billion, a P/E ratio of -82.56 and a beta of 2.05.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 10,771 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now owns 3,790 shares in the company, valued at $269,620.60. This represents a 73.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,885 shares of company stock worth $7,911,162. 13.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Baird R W raised Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. UBS Group boosted their price target on Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday. Rosenblatt Securities reissued a "neutral" rating and issued a $86.00 price target on shares of Roku in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on Roku from $60.00 to $65.00 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Roku has a consensus rating of "Moderate Buy" and an average target price of $93.18.

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.