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Roku (ROKU) Rises Yet Lags Behind Market: Some Facts Worth Knowing
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Roku (ROKU - Free Report) closed at $57.40 in the latest trading session, marking a +0.14% move from the prior day. This move lagged the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 1.51%, and the Nasdaq, a tech-heavy index, lost 0.01%.
The the stock of video streaming company has fallen by 4.38% in the past month, lagging the Consumer Discretionary sector's gain of 2.49% and the S&P 500's gain of 4.14%.
The investment community will be paying close attention to the earnings performance of Roku in its upcoming release. The company is expected to report EPS of -$0.45, up 40.79% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $935.29 million, indicating a 10.4% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.94 per share and a revenue of $3.92 billion, indicating changes of +61.28% and +12.46%, respectively, from the former year.
Any recent changes to analyst estimates for Roku should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.58% upward. At present, Roku boasts a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 61, positioning it in the top 25% 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.
To follow ROKU in the coming trading sessions, be sure to utilize Zacks.com.
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Roku (ROKU) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Roku (ROKU - Free Report) closed at $57.40 in the latest trading session, marking a +0.14% move from the prior day. This move lagged the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 1.51%, and the Nasdaq, a tech-heavy index, lost 0.01%.
The the stock of video streaming company has fallen by 4.38% in the past month, lagging the Consumer Discretionary sector's gain of 2.49% and the S&P 500's gain of 4.14%.
The investment community will be paying close attention to the earnings performance of Roku in its upcoming release. The company is expected to report EPS of -$0.45, up 40.79% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $935.29 million, indicating a 10.4% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.94 per share and a revenue of $3.92 billion, indicating changes of +61.28% and +12.46%, respectively, from the former year.
Any recent changes to analyst estimates for Roku should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.58% upward. At present, Roku boasts a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 61, positioning it in the top 25% 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.
To follow ROKU in the coming trading sessions, be sure to utilize Zacks.com.