Roku, Inc. ROKU inventory is buying and selling on Friday after the corporate reported a better-than-expected 2024 fiscal-year fourth quarter on Thursday after the market closed.
What To Know: The corporate reported a lack of 24 cents per share, beating analysts’ estimate of a lack of 41 cents per share. As well as, the corporate reported gross sales of $1.20 billion, beating analysts’ estimate of $1.14 billion.
The corporate broke down its income additional, reporting platform income of $3.5 billion, representing an 18% year-over-year enhance. Moreover, it reported a median income per person (ARPU) of $41.49.
By way of key enterprise metrics, the corporate introduced streaming households totaled to 89.8 million and streaming hours had been 127.1 billion.
The corporate additionally issued steering for the 2025 fiscal yr first quarter. It sees income income of $1.005 billion, versus analysts’ estimates of $1.006 billion.
Analyst Modifications: Following the earnings report, a number of analysts issued worth goal changes.
- JMP Securities analyst Matthew Condon maintained a Market Outperform ranking on Roku and raised the value goal from $95 to $115.
- B of A Securities analyst Ruplu Bhattacharya maintained a Purchase ranking on Roku and raised the value goal from $90 to $120.
- JP Morgan analyst Cory Carpenter maintained an Obese ranking on Roku and raised the value goal from $92 to $115.
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ROKU Value Motion: On the time of writing, Roku inventory is buying and selling 13.5% increased at $98.53, in keeping with information from Benzinga Professional.
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