Roku (ROKU - Free Report) closed at $406 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's daily loss of 0.33%.
Coming into today, shares of the video streaming company had gained 22.67% in the past month. In that same time, the Consumer Discretionary sector lost 2.09%, while the S&P 500 gained 2.89%.
Wall Street will be looking for positivity from ROKU as it approaches its next earnings report date. The company is expected to report EPS of $0.13, up 137.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $617.2 million, up 73.34% from the year-ago period.
ROKU's full-year Zacks Consensus Estimates are calling for earnings of $0.45 per share and revenue of $2.74 billion. These results would represent year-over-year changes of +421.43% and +54.08%, respectively.
Investors might also notice recent changes to analyst estimates for ROKU. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 20.02% higher. ROKU is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that ROKU has a Forward P/E ratio of 920.05 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.65.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 116, putting it in the top 46% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Roku (ROKU - Free Report) closed at $406 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's daily loss of 0.33%.
Coming into today, shares of the video streaming company had gained 22.67% in the past month. In that same time, the Consumer Discretionary sector lost 2.09%, while the S&P 500 gained 2.89%.
Wall Street will be looking for positivity from ROKU as it approaches its next earnings report date. The company is expected to report EPS of $0.13, up 137.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $617.2 million, up 73.34% from the year-ago period.
ROKU's full-year Zacks Consensus Estimates are calling for earnings of $0.45 per share and revenue of $2.74 billion. These results would represent year-over-year changes of +421.43% and +54.08%, respectively.
Investors might also notice recent changes to analyst estimates for ROKU. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 20.02% higher. ROKU is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that ROKU has a Forward P/E ratio of 920.05 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.65.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 116, putting it in the top 46% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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