Brokerages expect Roku, Inc. (NASDAQ:ROKU) to announce $0.08 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Roku's earnings, with estimates ranging from ($0.01) to $0.60. Roku posted earnings of $0.49 per share in the same quarter last year, which would suggest a negative year over year growth rate of 83.7%. The firm is scheduled to announce its next earnings results on Thursday, February 17th.
According to Zacks, analysts expect that Roku will report full year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.40 to $1.80. For the next fiscal year, analysts anticipate that the business will post earnings of $1.58 per share, with EPS estimates ranging from $0.49 to $3.10. Zacks' EPS averages are a mean average based on a survey of research firms that that provide coverage for Roku.
Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, November 3rd. The company reported $0.48 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.06 by $0.42. Roku had a return on equity of 12.19% and a net margin of 9.91%. During the same period in the previous year, the firm posted $0.09 earnings per share.
ROKU has been the subject of several research analyst reports. Cleveland Research initiated coverage on Roku in a research note on Thursday, September 30th. They set a “buy” rating and a $389.00 target price for the company. Citigroup reduced their target price on Roku from $450.00 to $410.00 and set a “buy” rating for the company in a…