Roku (ROKU - Free Report) closed the most recent trading day at $59.39, moving -0.52% from the previous trading session. This change was narrower than the S&P 500's 1.03% loss on the day. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.37%.
Prior to today's trading, shares of the video streaming company had lost 8.91% over the past month. This has lagged the Consumer Discretionary sector's loss of 6.96% and the S&P 500's loss of 3.51% in that time.
Roku will be looking to display strength as it nears its next earnings release. On that day, Roku is projected to report earnings of -$1.37 per share, which would represent a year-over-year decline of 385.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $698.93 million, up 2.79% from the year-ago period.
ROKU's full-year Zacks Consensus Estimates are calling for earnings of -$3.56 per share and revenue of $3.11 billion. These results would represent year-over-year changes of -308.19% and +12.6%, respectively.
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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Roku is currently a Zacks Rank #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 230, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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 an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier 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 the most recent trading day at $59.39, moving -0.52% from the previous trading session. This change was narrower than the S&P 500's 1.03% loss on the day. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.37%.
Prior to today's trading, shares of the video streaming company had lost 8.91% over the past month. This has lagged the Consumer Discretionary sector's loss of 6.96% and the S&P 500's loss of 3.51% in that time.
Roku will be looking to display strength as it nears its next earnings release. On that day, Roku is projected to report earnings of -$1.37 per share, which would represent a year-over-year decline of 385.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $698.93 million, up 2.79% from the year-ago period.
ROKU's full-year Zacks Consensus Estimates are calling for earnings of -$3.56 per share and revenue of $3.11 billion. These results would represent year-over-year changes of -308.19% and +12.6%, respectively.
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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Roku is currently a Zacks Rank #4 (Sell).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 230, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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 an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier 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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