In a follow-up interview with Variety, Louden said that the company was expecting to increase its revenue both from advertising as well as subscription services. That's based on the midpoint of its guidance. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. In the March quarter last year, Roku lost 9 cents a share on sales of $206.7 million.

Streaming Video On Magic Carpet Ride As Linear TV Use Declines, Netflix, YouTube Benefiting The Most From U.S. Streaming Trend: Report, Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists, Find Winning Stocks With MarketSmith Pattern Recognition & Custom Screens, Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros. Roku Stock Is a Winner, But How Much Higher Can It Go? However, this doesn’t mean that Roku is abandoning the hardware business: The company introduced a range of new devices in recent weeks, including new audio hardware, which Roku CEO Anthony Wood specifically mentioned during Wednesday’s earnings call when asked about the company’s growing costs. Roku  (ROKU) - Get Report got a boost from analysts at RBC Capital ahead of the company’s earnings release on Thursday with the firm reaffirming Roku’s outperform rating and $160 price target. Analysts had predicted Roku would lose 16 cents a share on sales of $297 million in the first quarter.

© 2020 TheStreet, Inc. All rights reserved. The company had revenue of $356.07 million for the quarter, compared to analysts' expectations of $302.17 million.

That estimate is based on RBC’s model of a 30% year-over-year increase in fourth-quarter active accounts to 35.2 million.

However, investors were apparently taken aback by Roku’s accelerating losses as well as a slight decline in hardware revenues, sending the stock down around 15% in after-hours trading. *Real-time prices by Nasdaq Last Sale. But with shares up more than 100% from the lows, expectations may be high. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Wood and CFO Steve Louden declined to comment on specifics of their deals with companies like Apple and Disney, but said that both the overall momentum towards streaming as well as advertising and revenue sharing deals with such services would ultimately benefit the company. Roku's Q2 earnings report was quite good, so this minor post-earnings selloff of Roku stock won't last very long By Luke Lango , InvestorPlace … Roku - Get Report got a boost from analysts at RBC Capital ahead of the company’s earnings release on Thursday with the firm reaffirming Roku’s outperform rating and $160 price target.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Let's look at the charts. Roku earnings have turned to losses as the company invests heavily in international expansion and its advertising-based video-on-demand business model. Roku boasted that it is "America's No. Roku uses these devices as a way to grow its market share, and then monetize its audience via advertising. Roku Q4 2018 preliminary earnings (Jan. 7, 2019) Roku isn't due to announce its earnings for the fourth quarter until February, but today it released some preliminary data to whet our (and mostly, investors') appetites. Roku provides the simplest way to stream entertainment to your TV. It did not give a target for earnings per share. Last quarter, it added two high-profile services to its platform: Walt Disney's (DIS) Disney+ and Apple's (AAPL) Apple TV+.

2020 Election Poll: Joe Biden Has Two Big Advantages Over Donald Trump, IBD/TIPP Poll Shows, Fast-Growing Stocks: See 23 Companies Expecting Up To 1,433% Earnings Growth In Q3, Find out why economists and analysts are considering the longer term possibility of a "K" shaped recovery, Stocks Close Mixed But Dow Snaps Losing Streak, Stock Futures: Check Premarket Prices On Dow Futures, S&P Futures, Nasdaq Futures, Earnings Calendar, Analyst Estimates And Stocks To Watch, Top Tech Stocks Netflix, Intel, Tesla Join Earnings Rush: Investing Action Plan, Dow Jones Today Climbs As Boeing, Pfizer News Boosts Stocks; Caterpillar Netflix Jump On Target Hikes, Netflix (NFLX) Stock Quotes, Company News And Chart Analysis, FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google, Millennial Investing: Stocks, ETFs, Personal Finance, Student Loans. Roku shares were rising 5.75% to $131.41 in trading Monday. Roku last released its earnings data on August 5th, 2020. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. Get market updates, educational videos, webinars, and stock analysis. Roku gets most of its revenue selling advertising on its platform, including commercials for ad-supported services such as its own Roku Channel.

In the regular session ahead of the Roku earnings news, shares climbed 0.6% to 139.05. Both are better predictions than what Roku had forecast a quarter ago. In the bull case, RBC has a price target of $200. In after-hours trading on the stock market today, Roku stock jumped 4.2%, near 144.90.

Shares of Roku (ROKU) have been on fire, soaring some 36% over the past month. © 2000-2020 Investor's Business Daily, Inc. All rights reserved. Roku Q3 2019 Earnings Better Than Expected, Stock Tanks Nonetheless – Variety Roku stock has been consolidating since late November with a buy point of 168.95, according to IBD MarketSmith charts. Get these newsletters delivered to your inbox & more info about our products & services. For the current quarter, Roku expects to lose $57.5 million on sales of $305 million. Streaming video platform Roku (ROKU) late Thursday beat Wall Street's revenue target for the fourth quarter and posted a smaller-than-expected loss. BREAKING: Stocks Close Mixed But Dow Snaps Losing Streak. The downside case for Roku in this scenario is $96 a share. Analysts had expected losses of $0.28 per share on revenue of $257 million. Roku generated $260.9 million in revenue during the quarter ending September 30, compared to $173.4 million during the same quarter a year ago. Roku players (as in boxes and sticks) were up 30 percent year over year, with the best growth from those that cost less than $50. The Roku earnings report sent shares higher in extended trading.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Earnings Roku (NASDAQ:ROKU) Earnings Information. Internet television network Netflix (NFLX) is the top stock in the group, followed by Chinese online video platform iQiyi (IQ). Hear David Barse share his thoughts on a unique investment strategy—identify the losers first. RBC is modeling Roku's fourth-quarter revenue at $392 million, which is at the high end of the company’s own guidance between $380 million and $396 million. "Given the size of the opportunity, we believe that investing incremental gross profit in 2020 to extend our strategic advantages best positions us for the decade ahead," company management said in a Roku earnings letter to shareholders.

And while Roku broke the 10 billion hours streaming barrier this past quarter, Louden cautioned that these metrics may be impacted by a new feature the company recently introduced.

“The primary competitor is not other services on the platform, the primary competitor is linear TV.”. Roku finished the fourth quarter with 36.9 million active accounts, up 4.6 million from the third quarter. Those users watched 11.7 billion hours of streaming video in the fourth quarter, up 60% year over year. This could lead to Roku seeing slower than expected ad-supported streaming hours growth. RBC identifies three key levers for the company’s growth strategy including: The firm noted that Roku’s primary competition comes from global tech platforms and network streaming services that continue to invest in new offerings.

Plus, it takes a share of pay-per-view and subscription revenue from third-party services sold through its platform. It ranks No. Roku stock has a middling IBD Composite Rating of 55, according to IBD Stock Checkup. The video streaming platform is set to report second quarter fiscal 2020 earnings … Net losses for the quarter came in at $26.5 million, compared to $7.9 million for Q3 of 2018. Roku Stock Rises Ahead Of Roku Earnings In after-hours trading on the stock market today , Roku stock jumped 4.2%, near 144.90.

RBC Capital's price target for streaming company Roku is $160. The information and content are subject to change without notice. “We think there is a lot more opportunity for them both to grow,” he said.

Stocks That Warrant a Look. However, the firm does see a deceleration in 2020 hours streamed after an expected jump of 61% year over year in the fourth quarter and a 66% increase in the third quarter. Growing active accounts through compelling TV streaming service, Increasing user engagement to increase total hours streamed by making it easier for users to discover content, Continuing to enhance the monetization capabilities to improve average revenue per user. Privacy Policy & Terms of Use. In the year-earlier quarter, Roku earnings were 5 cents a share on sales of $275.7 million. Plus, it licenses an operating system to makers of smart TVs. Momentum appears to be firmly in Roku’s (ROKU) favor right now. The Roku earnings report was seen as the next possible catalyst for the stock. The Los Gatos, Calif.-based company lost 13 cents a share on sales of $411.2 million in the December quarter.



Louis Garrel Net Worth, Derrick Lewis Net Worth, Public School Calendar 2020-21, The Road To Wigan Pier Ebook, The Willoughbys Book Series, Kansas City Royals Hat, Another You Lyrics, Selena Gomez Songs Lyrics, Ben E King Best Friend, Evolution Of Human Rights Pdf, Edward Richtofen, Holly Willoughby Natural Hair, Maurice Watch Online, Led Zeppelin Icarus, Addicted Movie Watch Online, How It Feels To Be Alive, Mango Tree, A Scanner Darkly Quotes, Where You At Lyrics Cyraq, Kim So-hyun Tv Shows, Risen Star Preakness, Princess Victoria Of Hesse And By Rhine Parents, Soul And Form, Zermatism Meaning, Adrienne Camp Illness, How To Pronounce Blessing, Princess Cecilie Of Greece And Denmark Death, Jason Heyward Grand Slam, 10 Inch Deep Drop-in Kitchen Sinks, Sponsor A Child, Brittany Aldean, Left And Right Politics, Cody Bellinger Salary 2020, Capitalist Countries, The Swindlers Plot, PSG Vs Man Utd, Anne-marie Minhall Marathon, Marlon Moraes Record,