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Roku (ROKU) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Roku (ROKU - Free Report) closed at $63.59, marking a +0.49% move from the previous day. This move outpaced the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Heading into today, shares of the video streaming company had lost 8.44% over the past month, lagging the Consumer Discretionary sector's gain of 7.57% and the S&P 500's gain of 3.95% in that time.
Investors will be hoping for strength from ROKU as it approaches its next earnings release, which is expected to be May 8, 2019. The company is expected to report EPS of -$0.24, down 242.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $189.06 million, up 38.43% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.72 per share and revenue of $1.02 billion. These totals would mark changes of -800% and +37.22%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. ROKU currently has a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% 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) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Roku (ROKU - Free Report) closed at $63.59, marking a +0.49% move from the previous day. This move outpaced the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Heading into today, shares of the video streaming company had lost 8.44% over the past month, lagging the Consumer Discretionary sector's gain of 7.57% and the S&P 500's gain of 3.95% in that time.
Investors will be hoping for strength from ROKU as it approaches its next earnings release, which is expected to be May 8, 2019. The company is expected to report EPS of -$0.24, down 242.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $189.06 million, up 38.43% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.72 per share and revenue of $1.02 billion. These totals would mark changes of -800% and +37.22%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. ROKU currently has a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 17% 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.