Media
What to Expect When Roku Reports After the Close
Published:
Last Updated:
Roku Inc. (NASDAQ: ROKU) is set to report its fiscal third-quarter financial results after the markets close on Wednesday. The analysts’ consensus forecast calls for a net loss of $0.15 per share on $127.15 million in revenue.
After its previous earnings report, Roku faced a huge loss in terms of its share price, which accounts for a majority of its underperformance in 2018. However, ahead of this report, some traders are saying there could be a 15% swing based on options. Historically the stock has seen significant moves on earnings and this report might not be that different.
Recently, Roku announced that it had taken on another partner. The company is now making ESPN+, the new ESPN channel, available on the Roku platform.
The ESPN+ channel will allow Roku player and Roku TV users to access thousands of additional live events, on-demand content and original programming not available on ESPN’s linear TV or digital networks.
Also, ESPN+ is the first-ever multi-sport, direct-to-consumer premium subscription streaming service from Disney’s Direct-to-Consumer and International group, in partnership with ESPN.
Excluding Wednesday’s move, Roku had outperformed the broad markets in the past six months, with its stock up nearly 70% in this time. However, in just 2018 alone, the stock was down 36%.
A few analysts weighed in on Roku ahead of the earnings report:
- KeyCorp has an Overweight rating and a $42 price target.
- DA Davidson has a Neutral rating and a $30 price target.
- Loop Capital has a Hold rating with a $30 price target.
- Citigroup has a Neutral rating with a $33 price target.
- Oppenheimer has a Market Perform rating.
Shares of Roku were last seen up about 6% at $35.23 on Wednesday, with a consensus analyst price target of $36.57 and a post-IPO range of $15.75 to $58.80.
24/7 Wall St.Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
