What is William Blair’s Estimate for Roku FY2024 Earnings?

Roku, Inc. (NASDAQ:ROKU) – Analysts at William Blair lifted their FY2024 earnings per share (EPS) estimates for Roku in a research note issued to investors on Wednesday, October 30th. William Blair analyst R. Schackart now expects that the company will earn ($1.10) per share for the year, up from their prior forecast of ($1.36). The consensus estimate for Roku’s current full-year earnings is ($1.41) per share. William Blair also issued estimates for Roku’s Q4 2024 earnings at ($0.45) EPS, Q1 2025 earnings at ($0.37) EPS, Q2 2025 earnings at ($0.26) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.20) EPS and FY2025 earnings at ($1.00) EPS.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.30%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned ($2.33) EPS.

A number of other equities analysts have also weighed in on ROKU. Robert W. Baird upped their price objective on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Wedbush upped their price target on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Jefferies Financial Group reduced their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a research report on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and issued a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.95.

Roku Stock Performance

Shares of Roku stock opened at $67.18 on Monday. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The company has a market capitalization of $9.72 billion, a P/E ratio of -55.98 and a beta of 2.07. The company has a fifty day moving average of $73.17 and a 200 day moving average of $63.85.

Institutional Trading of Roku

Several large investors have recently bought and sold shares of ROKU. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Roku during the 3rd quarter valued at approximately $43,000. Geneos Wealth Management Inc. increased its holdings in shares of Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares in the last quarter. Cedar Wealth Management LLC acquired a new position in shares of Roku in the 2nd quarter valued at $48,000. Finally, Natixis purchased a new stake in Roku during the first quarter worth $53,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insiders Place Their Bets

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now directly owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,776 shares of company stock worth $5,267,305 in the last three months. Corporate insiders own 13.98% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.