54.94 +3.46 (6.72%)
Pre-Market: 9:09AM EST
|Bid||54.55 x 900|
|Ask||54.65 x 1300|
|Day's Range||51.15 - 53.90|
|52 Week Range||26.30 - 77.57|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||56.62|
U.S. equity futures are looking to end the week with a rally ahead of a highly anticipated meeting between President Donald Trump and China’s top trade negotiator.
Wedbush analyst Michael Pachter downgraded Roku Inc. shares to neutral from outperform on Friday, a day after the streaming company reported better-than-expected results for its December quarter. Pachter is concerned about spending trends at the company. "Roku has built an exceptional platform on the back of its players, and now as it expands in the rapidly growing smart TV category, has positioned itself as best in class for over-the-top advertising and is poised for international expansion," he wrote. "That said, we lowered our long-term EPS estimate on a lower operating margin assumption, given a greater likelihood of higher spending levels than we previously modeled." Pachter doesn't anticipate meaningful contributions from international expansion until at least 2020, though he said the company "is spending handsomely to expand its international presence." He wrote that the company is also spending up on advertising improvements as well as feature and content enhancements for the Roku Channel. Roku shares are up 5.5% in premarket trading Friday, and they've gained 28% over the past three months. The S&P 500 has gained 4.7% in that time.
Roku Inc. shares rose in after-hours trading Thursday after the streaming company reported better-than-expected revenue and delivered an upbeat forecast about the year ahead.
Roku (ROKU) delivered earnings and revenue surprises of 150.00% and 5.02%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Roku reported revenue of $275.7 million, yielding earnings of 5 cents per share. Roku's average revenue per user, probably the most important metric for the company, rose 30%, or $4.17, to $17.95 in the quarter. The number of active accounts in the quarter increased 40% year over year to 27.1 million as streaming hours increased 69% to 7.3 billion hours.
Roku (NASDAQ:ROKU) reported its latest quarterly earnings figures late in the day yesterday, helping the company's shares pop more than 5% late in the day thanks to a strong revenue when compared to its year-ago results.Source: Roku The digital media player manufacturer, founded in 2002 by CEO Anthony Wood, announced that it brought in adjusted earnings of 5 cents per share for its fourth quarter of its fiscal 2018. The amount was stronger than the 3 cents per share that analysts were calling for, but it was below the 6 cents per share it posted during the year-ago quarter.Roku added that it amassed revenue of $275.7 million during the period, which was about 46.4% higher than the $188.3 million it garnered during its fourth quarter of 2017. The Wall Street guidance was calling for the Los Gatos, Ca.-based company to bring in sales of $275.7 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Roku is positioned well as TV consumption continues to move towards streaming devices," says Ted Murphy, CEO of IZEA and Roku shareholder. "Their play to get more adoption of their platform will continue to be robust. The platform built into the TVs they have a variety of monetization options. I think they have plenty of room to grow."ROKU stock was sliding more than 4% during regular trading hours as the company prepared itself to report for its latest period. The earnings increase and bet played a key role in lifting shares close to 5.4% after the bell Thursday. More From InvestorPlace * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Financial Stocks With Accelerating Growth * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Compare Brokers The post Roku Earnings: ROKU Stock Rebounds as Q4 Earnings Top Estimates appeared first on InvestorPlace.
The Los Gatos, California-based company said it had profit of 5 cents per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research ...
Roku Inc. shares were up 1.5% in after-hours trading Thursday after the company posted better-than-expected top-line results for its fourth quarter and delivered a full-year outlook that came in ahead of projections. The company reported net income of $6.8 million, or 5 cents a share, down from $6.9 million, or 6 cents a share, in the year-ago period. Revenue for the fourth quarter climbed to $275.7 million from $188.3 million. Analysts surveyed by FactSet had been estimating $262.1 million in revenue. Roku generated $124.3 million in revenue from its player business and $151.4 million in revenue from its platform business. Roku added 3.3 million incremental active accounts in the December quarter and had 27.1 million active accounts in total at the end of 2018. For the first quarter, Roku expects total net revenue of $185 million to $190 million. The company projects $1 billion to $1.025 billion in revenue for the full year ahead. Analysts had been modeling $188.3 million in first-quarter revenue and $985.2 million in full-year revenue.
Roku Inc (NASDAQ: ROKU ) shares were trading up after-hours Thursday after the streaming device manufacturer reported a fourth-quarter earnings beat. Roku’s quarterly earnings came in at 5 cents per share, ...
Roku Inc. today announced it released fourth quarter and fiscal year 2018 results. Visit the Roku investor relations website https://ir.roku.com to view the fourth quarter and fiscal year 2018 letter to shareholders.
Roku (NASDAQ:ROKU) was once heralded as a streaming company following in the footsteps of Netflix (NASDAQ:NFLX) and pioneering a new era of streaming advertising. But during the late 2018 market selloff, investors forgot all about that growth narrative, and Roku stock dropped from nearly $80 to below $30 in just two months.Source: Roku That drop was a buying opportunity. Roku pre-announced fourth-quarter streaming numbers in early January. That announcement reminded investors that this is a growth company. Roku stock bounced back. Now, it sits at $54, and has essentially doubled in roughly two months. Earnings are due after the bell on Thursday, 2/21. The numbers should be good (the pre-announcement was strong). The guide should be good, too, given positive trends in the streaming market. But, there is significant uncertainty when it comes to how Roku stock will react to those earnings.On one hand, you have a growth stock that is just getting its groove back, has a long ways to go before eclipsing all time highs, and could rally towards those all time highs on good numbers. On the other hand, you have a stock that has doubled in two months, is in technically overbought territory, and could be due for a natural pullback on even good numbers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Healthy Dividend Stocks to Buy for Extra Stability Which one will win out? No one really knows. As such, the near term outlook for Roku stock is uncertain.But, the long term outlook here remains robust. In the big picture, this is a company rapidly transforming into the cable box of streaming, a position which warrants Roku stock heading significantly higher in the long run. As such, long term investors would be wise to hold through what will be a volatile earnings report, and buy on any material weakness. Earnings Provide Significant VolatilityEarnings reports always inject a significant amount of volatility into Roku stock. The company always tops estimates on both the top and bottom lines. But, some times the stock rallies in a big way. Other times, it drops in a big way.That is simply the nature of an early-stage, high-growth, still-small, freshly public company like Roku. There's a lot of noise in the first few earnings reports for such companies because investors are trying to see if the company really is a long-term winner. Any clues that they are lead to a big rally. Any clues that they aren't lead to a big drop.Roku stock is no different. Right now, investors are trying to figure out just how big Roku can become in the streaming market. We all know the streaming market will be large. We also all know that they are a lot of competitors in this market. Roku is leading the charge on the streaming service aggregation ecosystem front. This has been the case for a while. But, investors are concerned that without much of a moat, bigger competition can come along and steal Roku's share rather easily.As such, investors are desperately seeking for clues as to whether Roku will become a Netflix-like success, or a GoPro (NASDAQ:GPRO)-like flop.Right now, the success story is taking hold over the flop story. The pre-announced Q4 engagement and streaming numbers were very strong. Active accounts rose 40% year-over-year. Streaming hours rose by nearly 70%. Ever since that report, investors have bid up Roku stock on the assumption that those strong engagement numbers will lead to strong financial numbers, and a healthy first quarter guide.That may very well happen. But if history tells us anything, it's that big rallies in stocks like Roku stock are usually followed by natural pullbacks on even good news. As such, while Q4 numbers will be good, there is a significant amount of uncertainty regarding how Roku stock will react to those numbers in the near term. The Long-Term Outlook for ROKU Stock is HealthyIn the big picture, the near-term reaction to Q4 earnings is largely irrelevant. That's because the trends remain in place for this company to ultimately become the cable box of the streaming world one day, and in so doing, turn into a $10 billion-plus company.In a nutshell, the big-picture bull thesis on Roku stock is as follows. Every customer is pivoting to streaming due to enhanced convenience and lower cost. Every company is pivoting to streaming, too. That means both demand and supply in the streaming market are simultaneously growing and becoming increasingly diverse, further implying that it will become harder for consumers to discover suppliers, and for suppliers to reach consumers. As this trend plays out over the next several years, there will be a huge need for someone to aggregate all that streaming supply, organize it, curate it, and deliver it to consumers in a frictionless manner so as optimize consumer discovery and supplier reach (think the cable box for streaming).That someone is Roku. Sure, there are multiple players in this market. But, Roku is the head-and-shoulders leader in both streaming devices, and smart TVs. That's big, since network effects are now in play. The more consumers have a Roku device or Roku smart TV, the more Roku becomes the norm for accessing streaming services. The more it becomes the norm, the more consumers will flock to it. Further, the more consumers flock to Roku, the more Roku becomes indispensable to streaming service suppliers in this market since the Roku ecosystem has increasingly wide and irreplaceable reach. * The 10 Best Cheap Stocks to Buy Right Now Putting it all together, it looks like Roku is a long-term winner in the making. As such, with a market cap of just $5 billion today versus a $150 billion-plus market cap over at Netflix, Roku stock should head significantly higher in a long-term window. But, the stock has doubled over the past two months in anticipation of strong Q4 numbers. As such, buyers here should proceed with caution.As of this writing, Luke Lango was long ROKU and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Roku Stock Is a Long-Term Winner Sprinting Into Earnings appeared first on InvestorPlace.
On Thursday, Feb. 21, Roku (NASDAQ: ROKU ) will release its latest earnings report. Here is Benzinga's outlook for the company based on it's announcement. Earnings and Revenue Wall Street expects EPS of ...