3 Reasons Why Roku's Good Quarter Wasn't Good Enough
By most measures, it was a good fourth quarter. 's (NASDAQ: ROKU) revenue grew 14% year over year to $984.4 million during the period, topping analysts' consensus estimate of $968.2 million and setting a company record. A record-breaking 80 million people used a Roku device in Q4, and the total amount of video people watched using Roku devices hit a new high too. And, after culling its operating expenses, the company's adjusted EBITDA further improved after swinging back into positive territory just a quarter earlier.
Admittedly, its loss of $0.55 per share was a bit more than the $0.52 per share loss analysts had been modeling for, but it's difficult to predict losses from companies that are more focused on growth than on profits. That category includes Roku, to be sure.
Yet following Thursday's release of those overall solid fourth-quarter numbers, Roku shares tanked.
Source Fool.com
Roku Stock
Our community is currently high on Roku with 33 Buy predictions and 6 Sell predictions.
As a result the target price of 93 € shows a very positive potential of 52.06% compared to the current price of 61.16 € for Roku.
