Roku Inc ROKU.OQ reported quarterly adjusted earnings of 7 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -24 cents. The mean expectation of twenty five analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -21 cents to -3 cents per share.
Revenue rose 14.8% to $1.11 billion from a year ago; analysts expected $1.07 billion.
Roku Inc's reported EPS for the quarter was 7 cents.
The company reported quarterly net income of $10.5 million.
Roku Inc shares had risen by 4.7% this quarter and gained 23.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.1% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"
Wall Street's median 12-month price target for Roku Inc is $97.50, about 3.4% above its last closing price of $94.16
This summary was machine generated from LSEG data August 1 at 12:00 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)