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Roku Inc. (NASDAQ: ROKU) is scheduled to release its most recent quarterly results after the markets close on Thursday. The consensus estimates from Thomson Reuters are $0.03 in earnings per share (EPS) and $262.11 million in revenue. In the fourth quarter of last year, the company said it had EPS of $0.08 and $188.26 million in revenue.

Back in January, Roku provided an update on its streaming platform. The company made these disclosures ahead of business meetings at CES 2019 in Las Vegas.

Overall, the firm demonstrated continued momentum for its platform, as well as a shift in consumers toward streaming. Specifically, the firm announced that its fourth-quarter active accounts topped 27 million, up roughly 40% year over year.

Also, fourth-quarter streaming hours were an estimated 7.3 billion hours, up about 68% year over year, bringing the full year 2018 streaming hours to about 24 billion, up about 61% from 2017.

At that time, Anthony Wood, Roku’s CEO, commented:

Strong active account growth and accelerating streaming hours point to consumers’ growing enthusiasm for streaming, making Roku America’s largest and fastest growing TV streaming distribution platform. In 2018, we maintained our leadership in streaming players, licensed smart TVs and TV streaming hours. Roku continues to bring viewers more choice, great value, a compelling user experience – and lots of TV fun.

Overall, Roku has outperformed the broad markets, with its stock up about 73% year to date. Over the past 52 weeks, the stock is up only 16%.

A few analysts weighed in on Roku ahead of the report:

• Wedbush has an Outperform rating and a $65 price target.
• Loop Capital has a Hold rating with a $40 price target.
• Citigroup has a Neutral rating with a $44 target price.
• KeyCorp has an Overweight rating and a $59 target price.

Shares of Roku were last seen at $53.42 on Wednesday, in a 52-week range of $26.30 to $77.57. The consensus price target is $56.62.

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