第三季度盈利超出预期、分析师升级后 Roku 股价上涨

Roku Inc. (ROKU) 的市值为 99 亿美元，是一家数字流媒体服务提供商，为两类用户提供服务：平台和设备。

Streaming service provider Roku (NASDAQ:ROKU) stock cratered 17% in a single day after earnings on Oct. 31. Despite the steep decline, Baird analysts upgraded the stock from “Neutral” to “Outperform,” suggesting that the Q3 reaction was slightly overdone.

流媒体服务提供商 Roku（纳斯达克股票代码：ROKU）的股价在 10 月 31 日发布财报后单日暴跌 17%。尽管股价大幅下跌，贝尔德分析师将该股评级从“中性”上调至“跑赢大盘”，表明第三季度的反应略有改善。太过分了。

What Happened?

发生了什么？

ROKU stock initially surged 6% in extended trading after the company posted a narrower-than-expected loss in Q3. However, the stock quickly reversed course and plummeted after Roku's guidance for Q4 fell short of Wall Street's expectations.

ROKU 公布第三季度亏损窄于预期后，该公司股价在盘后交易中最初飙升 6%。然而，在 Roku 第四季度的指导低于华尔街的预期后，该股迅速逆转并暴跌。

The streaming giant reported a loss of $9 million, or $0.06 per share, in Q3, narrower than analysts' estimates for a loss of $0.35 per share. Roku also reported revenue of $1.06 billion during the quarter, against estimates of $1.02 billion.

这家流媒体巨头报告第三季度亏损 900 万美元，即每股亏损 0.06 美元，低于分析师预期的每股亏损 0.35 美元。 Roku 还报告本季度收入为 10.6 亿美元，而预期为 10.2 亿美元。

EBITDA reached $98.2 million, compared to analysts' estimates of $47.33 million, while its EBITDA margin also shot up to 9.2% from last year’s 4.8%. However, gross margin dipped to 45.2% from 47.7% reported in the same quarter last year.

EBITDA 达到 9820 万美元，而分析师预期为 4733 万美元，而 EBITDA 利润率也从去年的 4.8% 飙升至 9.2%。然而，毛利率从去年同期的 47.7% 下降至 45.2%。

On the other hand, Roku ended Q3 with a cash reserve of $2.12 billion, up from last year’s 2.02 billion.

另一方面，Roku 第三季度末的现金储备为 21.2 亿美元，高于去年的 20.2 亿美元。

Now What

现在做什么

ROKU stock, the No. 3 holding in Cathie Wood's flagship Ark Innovation Fund (NYSE:ARKK), has had a turbulent year, declining 24.5% on a year-to-date basis. However, the ARKK favorite is already up more than 43% from its August lows, suggesting the bottom may be in for now.

ROKU 股票是 Cathie Wood 旗舰方舟创新基金（纽约证券交易所股票代码：ARKK）的第三大持股，今年经历了动荡，今年迄今下跌了 24.5%。然而，ARKK 最受欢迎的股票已较 8 月低点上涨了 43% 以上，表明目前可能已经触底。

notably, ROKU stock now trades at a price-to-sales multiple of 3.6x, which is significantly lower than its average multiple of 9.6x over the past five years. The stock also trades at a price-to-earnings multiple of 236x, which is very high compared to the S&P 500 average multiple of 20.8x.

值得注意的是，ROKU 股票目前的市销率为 3.6 倍，远低于过去五年 9.6 倍的平均市盈率。该股的市盈率为 236 倍，与标准普尔 500 指数 20.8 倍的平均市盈率相比非常高。

Overall, analysts are still positive on ROKU stock, with a “Moderate Buy” consensus rating among the 25 in coverage. The mean price target of $81.28 suggests that ROKU could rise another 17.5% from Friday's close, while Baird's newly raised price target of $90 suggests an upside potential of 30%.

总体而言，分析师仍对 ROKU 股票持乐观态度，在 25 家分析师中一致给予“适度买入”评级。 81.28 美元的平均目标价表明 ROKU 可能比周五收盘价再上涨 17.5%，而贝尔德新上调的 90 美元目标价表明还有 30% 的上涨潜力。