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Unveiling Roku (ROKU) Q2 Outlook: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Roku (ROKU - Free Report) will announce quarterly loss of $0.45 per share in its forthcoming report, representing an increase of 40.8% year over year. Revenues are projected to reach $935.29 million, increasing 10.4% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Roku metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Revenue- Platform' to come in at $807.84 million. The estimate points to a change of +8.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Revenue- Devices' should come in at $127.44 million. The estimate suggests a change of +23.3% year over year.
The combined assessment of analysts suggests that 'Active Accounts' will likely reach 82.99 million. Compared to the current estimate, the company reported 73.5 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'ARPU' of $40.62. The estimate compares to the year-ago value of $40.67.
It is projected by analysts that the 'Streaming Hours' will reach 30.11 billion. Compared to the present estimate, the company reported 25.1 billion in the same quarter last year.
Analysts predict that the 'Gross Profit- Platform' will reach $428.08 million. Compared to the present estimate, the company reported $395.83 million in the same quarter last year.
Roku shares have witnessed a change of -1.5% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), ROKU is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Unveiling Roku (ROKU) Q2 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Roku (ROKU - Free Report) will announce quarterly loss of $0.45 per share in its forthcoming report, representing an increase of 40.8% year over year. Revenues are projected to reach $935.29 million, increasing 10.4% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Roku metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Revenue- Platform' to come in at $807.84 million. The estimate points to a change of +8.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Revenue- Devices' should come in at $127.44 million. The estimate suggests a change of +23.3% year over year.
The combined assessment of analysts suggests that 'Active Accounts' will likely reach 82.99 million. Compared to the current estimate, the company reported 73.5 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'ARPU' of $40.62. The estimate compares to the year-ago value of $40.67.
It is projected by analysts that the 'Streaming Hours' will reach 30.11 billion. Compared to the present estimate, the company reported 25.1 billion in the same quarter last year.
Analysts predict that the 'Gross Profit- Platform' will reach $428.08 million. Compared to the present estimate, the company reported $395.83 million in the same quarter last year.
View all Key Company Metrics for Roku here>>>
Roku shares have witnessed a change of -1.5% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), ROKU is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>