Roku Stock Has a Lot to Prove on Wednesday

The brief yet wild roller coaster that Roku (NASDAQ: ROKU) has been in its first few weeks of trading should continue in the coming days. The set-top streaming-video player pioneer reports fresh financials after Wednesday's market close, and the stakes are high as Roku gears up to make a good first impression.

Everyone seems to be on board with the notion that Roku will post a third-quarter loss. It has yet to post a profit, and doesn't appear to be on its way to doing so anytime soon. The disparity is wide among the first batch of Wall Street pros to attempt to model Roku's performance. Analysts see a loss per share as wide as $4.88 and as narrow as $0.22. The consensus target is a deficit of $1.40 a share, but reality could swing wildly on either side of that estimate. 

There is tighter agreement on the top line. The four major analysts offering up revenue forecasts are wedged between $105.8 million and $112.9 million with an average of $110.5 million. They all see Roku's results landing well ahead of the $89.1 million that it scored during the third quarter of last year, or 24% growth at the consensus mark -- in line with the 23% top-line growth that Roku has delivered through the first half of 2017. 

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Source: Fool.com