We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Roku (ROKU) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Roku (ROKU - Free Report) closed at $117.17, marking a -1.81% move from the previous day. This move lagged the S&P 500's daily gain of 0.43%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Heading into today, shares of the video streaming company had gained 1.51% over the past month, outpacing the Consumer Discretionary sector's loss of 0.22% and lagging the S&P 500's gain of 3.69% in that time.
Wall Street will be looking for positivity from Roku as it approaches its next earnings report date. In that report, analysts expect Roku to post earnings of -$0.15 per share. This would mark a year-over-year decline of 127.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $719.59 million, up 25.33% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.88 per share and revenue of $3.72 billion, which would represent changes of -151.46% and +34.7%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Roku. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 25.68% lower. Roku currently has a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Roku (ROKU) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Roku (ROKU - Free Report) closed at $117.17, marking a -1.81% move from the previous day. This move lagged the S&P 500's daily gain of 0.43%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.09%.
Heading into today, shares of the video streaming company had gained 1.51% over the past month, outpacing the Consumer Discretionary sector's loss of 0.22% and lagging the S&P 500's gain of 3.69% in that time.
Wall Street will be looking for positivity from Roku as it approaches its next earnings report date. In that report, analysts expect Roku to post earnings of -$0.15 per share. This would mark a year-over-year decline of 127.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $719.59 million, up 25.33% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.88 per share and revenue of $3.72 billion, which would represent changes of -151.46% and +34.7%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Roku. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 25.68% lower. Roku currently has a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.