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Roku (ROKU) Gains As Market Dips: What You Should Know
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In the latest trading session, Roku (ROKU - Free Report) closed at $50.97, marking a +1.53% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.27%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today's trading, shares of the video streaming company had gained 25.85% over the past month. This has outpaced the Consumer Discretionary sector's gain of 5.18% and the S&P 500's gain of 6.26% in that time.
Wall Street will be looking for positivity from ROKU as it approaches its next earnings report date. This is expected to be February 21, 2019. On that day, ROKU is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 83.33%. Our most recent consensus estimate is calling for quarterly revenue of $261.52 million, up 38.91% from the year-ago period.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.34% lower. ROKU is currently sporting 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 100, putting it in the top 40% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Roku (ROKU) Gains As Market Dips: What You Should Know
In the latest trading session, Roku (ROKU - Free Report) closed at $50.97, marking a +1.53% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.27%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today's trading, shares of the video streaming company had gained 25.85% over the past month. This has outpaced the Consumer Discretionary sector's gain of 5.18% and the S&P 500's gain of 6.26% in that time.
Wall Street will be looking for positivity from ROKU as it approaches its next earnings report date. This is expected to be February 21, 2019. On that day, ROKU is projected to report earnings of $0.01 per share, which would represent a year-over-year decline of 83.33%. Our most recent consensus estimate is calling for quarterly revenue of $261.52 million, up 38.91% from the year-ago period.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.34% lower. ROKU is currently sporting 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 100, putting it in the top 40% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.