We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Insights Into Roku (ROKU) Q2: Wall Street Projections for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Roku (ROKU - Free Report) will announce quarterly earnings of $0.61 per share in its forthcoming report, representing an increase of 771.4% year over year. Revenues are projected to reach $1.3 billion, increasing 17% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Roku metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net Revenue- Platform' will reach $1.17 billion. The estimate suggests a change of +20.3% year over year.
The consensus among analysts is that 'Net Revenue- Devices' will reach $125.46 million. The estimate points to a change of -7.5% from the year-ago quarter.
Analysts expect 'Streaming Hours' to come in at 39.72 billion. The estimate compares to the year-ago value of 35.40 billion.
The collective assessment of analysts points to an estimated 'Gross Profit- Platform' of $606.80 million. Compared to the present estimate, the company reported $497.70 million in the same quarter last year.
Shares of Roku have experienced a change of +1.8% in the past month compared to the +0.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ROKU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Insights Into Roku (ROKU) Q2: Wall Street Projections for Key Metrics
Analysts on Wall Street project that Roku (ROKU - Free Report) will announce quarterly earnings of $0.61 per share in its forthcoming report, representing an increase of 771.4% year over year. Revenues are projected to reach $1.3 billion, increasing 17% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Roku metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net Revenue- Platform' will reach $1.17 billion. The estimate suggests a change of +20.3% year over year.
The consensus among analysts is that 'Net Revenue- Devices' will reach $125.46 million. The estimate points to a change of -7.5% from the year-ago quarter.
Analysts expect 'Streaming Hours' to come in at 39.72 billion. The estimate compares to the year-ago value of 35.40 billion.
The collective assessment of analysts points to an estimated 'Gross Profit- Platform' of $606.80 million. Compared to the present estimate, the company reported $497.70 million in the same quarter last year.
View all Key Company Metrics for Roku here>>>Shares of Roku have experienced a change of +1.8% in the past month compared to the +0.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ROKU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .