Roku’s Upcoming Q4 Earnings Preview

Roku’s Upcoming Q4 Earnings Preview Feb. 13, 2024, 8:57 a.m., readers: 29

Evercore ISI analysts maintained their In-Line rating and a price target of $80.00 on Roku (NASDAQ:ROKU), noting that since Nov 3—two days after Roku's Q3 earnings announcement—Roku's shares have not kept pace with broader market gains (Roku up 13% versus the Nasdaq's 19% and the S&P; 500's 15%). Despite this, the analysts anticipate a favorable outcome for the upcoming earnings report on Feb 15, expecting Roku to significantly outperform Q4 expectations based on positive indicators and to provide a Q1 forecast that meets or exceeds analyst predictions, along with some insights into the fiscal year 2024. However, the analysts suggest that expectations for Roku may be set high. While a substantial increase in estimates is anticipated, it's believed that the market may have already accounted for these positive outcomes in Roku's current valuation.

About NASDAQ: ROKU

R oku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

Price: 57.82
Market cap: 8.3 billion USD
Eps: -5.01
P/e ratio: -11.54
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