Streaming TV platform Roku (NASDAQ: ROKU) will be reporting results tomorrow afternoon. Here’s what to look for.
Roku beat analysts’ revenue expectations by 4.7% last quarter, reporting revenues of $1.06 billion, up 16.5% year on year. It was an ok quarter for the company, with an impressive beat of analysts’ EBITDA estimates. It reported 85.5 million monthly active users, up 12.8% year on year.
Is Roku a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Roku’s revenue to grow 16.8% year on year to $1.15 billion, improving from the 13.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.43 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Roku has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Roku’s peers in the consumer subscription segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 6.1%, beating analysts’ expectations by 1.6%, and Match Group reported flat revenue, in line with consensus estimates. Coursera traded down 19.5% following the results while Match Group was also down 7.8%.
Read our full analysis of Coursera’s results here and Match Group’s results here.
There has been positive sentiment among investors in the consumer subscription segment, with share prices up 9.8% on average over the last month. Roku is up 10.9% during the same time and is heading into earnings with an average analyst price target of $80.80 (compared to the current share price of $82.94).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。