Roku Earnings Preview
Portfolio Pulse from Benzinga Insights
Roku (NASDAQ:ROKU) is anticipated to report a quarterly EPS of $-0.55 on February 15, 2024. Despite a miss in the last quarter's EPS, Roku's stock price increased by 30.74% the following day. Historical data shows significant price changes post-earnings announcements, regardless of the EPS outcome. Shares are currently trading at $89.94, marking a 28.61% increase over the last 52 weeks. Investors are advised to pay attention to the upcoming earnings report and particularly to the company's guidance for future growth.
February 14, 2024 | 2:02 pm
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POSITIVE IMPACT
Roku is expected to report a quarterly EPS of $-0.55 on February 15, 2024. The company's stock has historically reacted positively to earnings announcements, even after missing EPS estimates. With shares currently up 28.61% over the last year, investors are keenly awaiting the report and future guidance.
Given Roku's history of stock price increases following earnings reports, even after missing EPS estimates, there's a positive sentiment leading into the announcement. The focus will be on whether Roku can beat the current EPS estimate and provide optimistic future guidance, which could further boost investor confidence and the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100