Roku: Analysts Expect Positive Net Income For Q2 2021
Roku Inc (NASDAQ: ROKU) will be reporting its second quarter financial results after the market closes this evening. Analysts have a consensus $454.40 12-month price target on the company, via a total of 29 analysts, with 7 analysts having strong buy ratings, 15 analysts having buy ratings, 6 have hold ratings and one analyst has a sell rating. The street high comes in at a $650 price target from Cannonball Research, and the lowest target sits at $170 from Elazar Advisors.
23 analysts have revenue estimates for the second quarter. The mean revenue estimate between all 23 analysts is $618.44 million; this number has been revised upwards from $513.32 million at the start of the year. The highest revenue estimate is $648.6 million, while the lowest is $599.3 million.
The analyst consensus for net income for the second quarter is $18.25 million, which is up from the start of the year when it was at -$32.68 million. The highest net income estimate is $52.13 million, while the lowest is -$45.9 million.
Onto EBITDA estimates, there are currently 22 analysts who have second quarter EBITDA estimates. The mean is currently $66.8 million, with this number having been revised upwards from $15.64 million at the start of the year. The street high estimate currently sits at $87 million in EBITDA and the lowest is $4.5 million.
Analysts estimate that quarterly earnings per share will come in at $0.13, with this number being revised slightly higher from -$0.22 at the start of the year. The street high is $0.37 and the lowest estimate is -$0.33 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
