Quick Read
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ROKU trades at $157, just below Fox's $160 acquisition offer, while the DOJ antitrust review remains unresolved and management has stopped issuing guidance.
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Q3 consensus calls for 231% EPS growth year over year, but last quarter's beat was partly inflated by a one-time $37 million tariff refund that won't repeat.
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CEO Anthony Wood noted that as memory prices rise, Roku's bill of materials advantage over competitors gets bigger, offsetting tighter DRAM and Flash supply risk.
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Investors are watching Roku (NASDAQ:ROKU) ahead of third-quarter results expected around Nov. 2. This is the first full quarter since Fox Corporation (NASDAQ:FOXA) agreed to buy the company. I'll be reading it as a test of whether the standalone business still supports the $160 per share offer.
Record Momentum Meets a Merger Cloud
Last quarter, Roku delivered GAAP EPS of $1.08 against a $0.5625 consensus. That made it the 5th consec...