In the latest trading session, Roku (ROKU - Free Report) closed at $422.13, marking a +1.18% move from the previous day. This change outpaced the S&P 500's 0.82% gain on the day.
Prior to today's trading, shares of the video streaming company had gained 3.4% over the past month. This has outpaced the Consumer Discretionary sector's loss of 0.63% and lagged the S&P 500's gain of 3.89% in that time.
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. Meanwhile, our latest consensus estimate is calling for revenue of $617.2 million, up 73.34% from the prior-year quarter.
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 recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ROKU is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note ROKU's current valuation metrics, including its Forward P/E ratio of 929.41. This represents a premium compared to its industry's average Forward P/E of 15.83.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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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In the latest trading session, Roku (ROKU - Free Report) closed at $422.13, marking a +1.18% move from the previous day. This change outpaced the S&P 500's 0.82% gain on the day.
Prior to today's trading, shares of the video streaming company had gained 3.4% over the past month. This has outpaced the Consumer Discretionary sector's loss of 0.63% and lagged the S&P 500's gain of 3.89% in that time.
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. Meanwhile, our latest consensus estimate is calling for revenue of $617.2 million, up 73.34% from the prior-year quarter.
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 recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. ROKU is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note ROKU's current valuation metrics, including its Forward P/E ratio of 929.41. This represents a premium compared to its industry's average Forward P/E of 15.83.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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.
Buy 5 Stocks BEFORE Election Day
Biden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).
Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.
They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S.
Don’t Wait. Download FREE >>
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