Roku Inc (NASDAQ:ROKU) – Analysts at Oppenheimer boosted their Q1 2018 EPS estimates for Roku in a note issued to investors on Monday. Oppenheimer analyst J. Helfstein now anticipates that the company will earn ($0.16) per share for the quarter, up from their prior estimate of ($0.19). Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Roku’s Q2 2018 earnings at ($0.13) EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.42) EPS, FY2019 earnings at ($0.06) EPS and FY2020 earnings at $0.43 EPS.

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Several other equities analysts also recently commented on the stock. Citigroup upgraded shares of Roku to a “market perform” rating in a report on Tuesday. They noted that the move was a valuation call. ValuEngine upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 7th. BidaskClub downgraded shares of Roku from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Vetr upgraded shares of Roku from a “hold” rating to a “strong-buy” rating and set a $50.50 target price on the stock in a research note on Thursday, February 22nd. Finally, Morgan Stanley restated an “underweight” rating and issued a $32.00 target price (up from $30.00) on shares of Roku in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.36.

Roku stock opened at $34.25 on Thursday. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.17. The firm had revenue of $188.30 million for the quarter, compared to the consensus estimate of $182.54 million. The company’s revenue for the quarter was up 27.8% on a year-over-year basis.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its stake in Roku by 48.4% in the 4th quarter. BlackRock Inc. now owns 628,069 shares of the company’s stock worth $32,521,000 after acquiring an additional 204,869 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Roku by 16.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 521,507 shares of the company’s stock worth $27,004,000 after acquiring an additional 72,375 shares in the last quarter. OxFORD Asset Management LLP bought a new position in Roku in the 3rd quarter worth about $12,899,000. Dragoneer Investment Group LLC bought a new position in Roku in the 3rd quarter worth about $9,554,000. Finally, Deutsche Bank AG grew its stake in Roku by 410.9% in the 4th quarter. Deutsche Bank AG now owns 164,617 shares of the company’s stock worth $8,523,000 after acquiring an additional 132,395 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

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About Roku

Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.

Earnings History and Estimates for Roku (NASDAQ:ROKU)

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