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Down 37% This Year, Will Roku Stock Recover Following Q1 Results? [Forbes]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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and Max Greenfield seen at Los Angeles Friends and Family Screening of Roku's "First Time Female Director" at Vidiots Foundation - Eagle Theatre on March 18, 2024 in Los Angeles, California. (Photo by Eric Charbonneau/Getty Images for Roku) Roku is expected to publish Q1 2024 results toward the end of this month. While the advertising market has seen headwinds over the past year, as businesses held back due to weak consumer spending, we expect Roku to see a recovery over Q1. We expect revenue to come in at about $950 million, slightly ahead of consensus estimates and up by about 20% year-over-year. We project that net losses will stand at about $0.60 per share, slightly better than the consensus estimates. So what are some of the trends that are likely to drive Roku's performance for the quarter? See our analysis of Roku Earnings preview for more details. The market for video advertising has shown signs of a rebound of late, following a tough couple of quarters. Over Q4 2023, Roku
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