Roku, Inc. (ROKU - Free Report) just released its fourth-quarter financial results, posting adjusted earnings of 6 cents per share and revenues of $188.3 million.
Currently, ROKU is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently down 18.30% to $41.75 per share in after-hours trading shortly after its earnings report was released.
Roku:
Beat earnings estimates. The company posted adjusted earnings of $0.06 per share, beating the Zacks Consensus Estimate of -$0.11.
Beat revenue estimates. The company saw revenue figures of $188.3 million, beating our consensus estimate of $183.2 million.
Roku had 19.3 million active accounts at the end of the quarter, up 44% from the year-ago period. Total streaming hours grew about 59% to reach 14.8 billion during the quarter. Average revenue per user climbed 48% to touch $13.78.
Roku also announced its initial outlook for the first quarter and the full fiscal 2018 period. The company expects Q1 revenues in the range of $120 to $130 million and full-year revenues in the range of $660 million to $690 million. That Q1 guidance is on the low end of our current consensus estimate of $129.9 million, but Roku’s full-year revenue guidance outpaces our current consensus mark of $656.9 million.
Here’s a graph that looks at Roku’s price performance since its IPO:
Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company's products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones.
Check back later for our full analysis on Roku’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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Roku, Inc. (ROKU - Free Report) just released its fourth-quarter financial results, posting adjusted earnings of 6 cents per share and revenues of $188.3 million.
Currently, ROKU is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently down 18.30% to $41.75 per share in after-hours trading shortly after its earnings report was released.
Roku:
Beat earnings estimates. The company posted adjusted earnings of $0.06 per share, beating the Zacks Consensus Estimate of -$0.11.
Beat revenue estimates. The company saw revenue figures of $188.3 million, beating our consensus estimate of $183.2 million.
Roku had 19.3 million active accounts at the end of the quarter, up 44% from the year-ago period. Total streaming hours grew about 59% to reach 14.8 billion during the quarter. Average revenue per user climbed 48% to touch $13.78.
Roku also announced its initial outlook for the first quarter and the full fiscal 2018 period. The company expects Q1 revenues in the range of $120 to $130 million and full-year revenues in the range of $660 million to $690 million. That Q1 guidance is on the low end of our current consensus estimate of $129.9 million, but Roku’s full-year revenue guidance outpaces our current consensus mark of $656.9 million.
Here’s a graph that looks at Roku’s price performance since its IPO:
Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company's products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones.
Check back later for our full analysis on Roku’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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