For the quarter ended March 2024, Roku (ROKU) reported income of $881.47 million, up 19% over the identical interval final 12 months. EPS got here in at -$0.35, in comparison with -$1.38 within the year-ago quarter.
The reported income represents a shock of +3.58% over the Zacks Consensus Estimate of $850.97 million. With the consensus EPS estimate being -$0.64, the EPS shock was +45.31%.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s value efficiency.
Right here is how Roku carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Lively Accounts: 81.6 million versus the five-analyst common estimate of 81.43 million.
- ARPU: $40.65 versus the five-analyst common estimate of $40.24.
- Streaming Hours: 30.8 billion in comparison with the 30.29 billion common estimate primarily based on 4 analysts.
- Web Income- Gadgets: $126.50 million versus $130.75 million estimated by 9 analysts on common. In comparison with the year-ago quarter, this quantity represents a +18.9% change.
- Web Income- Platform: $754.90 million in comparison with the $720.13 million common estimate primarily based on 9 analysts. The reported quantity represents a change of +19% 12 months over 12 months.
- Gross Revenue- Platform: $394.40 million versus the seven-analyst common estimate of $377.18 million.
- Gross Revenue- Gadgets: -$6.10 million versus -$7.48 million estimated by six analysts on common.
View all Key Company Metrics for Roku here>>>
Shares of Roku have returned -5.7% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory presently has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
Free – 5 Dividend Shares to Fund Your Retirement
Zacks Funding Analysis has launched a Particular Report that can assist you put together for retirement with 5 various shares that pay whopping dividends. They minimize throughout property administration, upscale retailers, monetary establishments, and a few sturdy vitality producers.
5 Dividend Shares to Embody in Your Retirement Technique is filled with unconventional knowledge and insights you received’t get out of your neighborhood monetary planner.
Download Now – Today It’s FREE >>
Roku, Inc. (ROKU) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
