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) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Roku (ROKU - Free Report) closed at $94.41 in the latest trading session, marking a +0.98% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the video streaming company had gained 1.21% over the past month, outpacing the Consumer Discretionary sector's loss of 8.71% and the S&P 500's loss of 6.03% in that time.
Investors will be hoping for strength from Roku as it approaches its next earnings release. The company is expected to report EPS of -$0.76, down 246.15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $805.24 million, up 24.82% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.88 per share and revenue of $3.72 billion, which would represent changes of -209.94% and +34.55%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Roku. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant. Roku is currently sporting a Zacks Rank of #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Image: Bigstock
Roku (ROKU) Gains As Market Dips: What You Should Know
Roku (ROKU - Free Report) closed at $94.41 in the latest trading session, marking a +0.98% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the video streaming company had gained 1.21% over the past month, outpacing the Consumer Discretionary sector's loss of 8.71% and the S&P 500's loss of 6.03% in that time.
Investors will be hoping for strength from Roku as it approaches its next earnings release. The company is expected to report EPS of -$0.76, down 246.15% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $805.24 million, up 24.82% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.88 per share and revenue of $3.72 billion, which would represent changes of -209.94% and +34.55%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Roku. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant. Roku is currently sporting a Zacks Rank of #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.