Roku, Inc. (NASDAQ:ROKU) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.4 per share.
For the full year, analysts predict revenues of $ 1593.75 million, while looking forward to loss of $ 1.41 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,580.00 million ~ $ 1,620.00 million
Click Here For More Historical Outlooks Of Roku, Inc.
Previous Quarter Performance
Roku, Inc. posted loss for the second quarter of $ 0.35 per share, from the revenue of $ 356.07 million. According to street consensus, ROKU was expected to report 2Q20 loss of $ 0.51 per share from revenue of $ 312.46 million. The bottom line results beat street analysts by $ 0.16 or 31.37 percent, at the same time, top line results outshined analysts by $ 43.61 million or 13.96 percent.
Stock Performance
Shares of Roku, Inc. traded up $ 12.19 or 5.99 percent on Wednesday, reaching $ 215.68 with volume of 3.52 million shares. Roku, Inc. has traded high as $ 215.72 and has cracked $ 205.04 on the downward trend
The closing price of $ 215.68, representing a 249.52 % increase from the 52 week low of $ 58.22 and a 14.91 % decrease over the 52 week high of $ 239.14.
The company has a market capital of $ 26.90 billion and is part of the Communication Services sector and Pay TV industry.
Recent Analyst recommendations
- On 15th October 2020, downgraded by KeyBanc to Sector Weight from Overweight rating.
- On 8th October 2020, maintained by Deutsche Bank at Buy rating, with $ 235.00 target price.
- On 8th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 255.00 target price.
- On 1st October 2020, maintained by Citigroup at Buy rating, with $ 220.00 target price.
- On 15th September 2020, initiated by KeyBanc at Overweight rating, with $ 228.00 target price.
Conference Call
Roku, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.roku.com
Roku, Inc. operates a TV streaming platform. The company operates in two segments, Platform and Player.
