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Roku (ROKU) Stock Sinks As Market Gains: What You Should Know
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Roku (ROKU - Free Report) closed the most recent trading day at $73.37, moving -0.3% from the previous trading session. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Coming into today, shares of the video streaming company had gained 40.9% in the past month. In that same time, the Consumer Discretionary sector gained 4.16%, while the S&P 500 gained 6.1%.
Investors will be hoping for strength from Roku as it approaches its next earnings release. In that report, analysts expect Roku to post earnings of -$1.28 per share. This would mark a year-over-year decline of 56.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $769.61 million, up 0.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$5.23 per share and revenue of $3.26 billion. These totals would mark changes of -44.48% and +4.37%, respectively, from last year.
Any recent changes to analyst estimates for Roku should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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 is currently sporting 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 218, which puts it in the bottom 14% 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.
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) Stock Sinks As Market Gains: What You Should Know
Roku (ROKU - Free Report) closed the most recent trading day at $73.37, moving -0.3% from the previous trading session. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Coming into today, shares of the video streaming company had gained 40.9% in the past month. In that same time, the Consumer Discretionary sector gained 4.16%, while the S&P 500 gained 6.1%.
Investors will be hoping for strength from Roku as it approaches its next earnings release. In that report, analysts expect Roku to post earnings of -$1.28 per share. This would mark a year-over-year decline of 56.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $769.61 million, up 0.68% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$5.23 per share and revenue of $3.26 billion. These totals would mark changes of -44.48% and +4.37%, respectively, from last year.
Any recent changes to analyst estimates for Roku should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
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 is currently sporting 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 218, which puts it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.