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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 $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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Roku (ROKU) Outpaces Stock Market Gains: What You Should Know
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.