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Roku (ROKU) Increases Despite Market Slip: Here's What You Need to Know
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The most recent trading session ended with Roku (ROKU - Free Report) standing at $87.91, reflecting a +1.5% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.56%.
The the stock of video streaming company has fallen by 15.39% in the past month, lagging the Consumer Discretionary sector's gain of 2.07% and the S&P 500's gain of 2.56%.
Analysts and investors alike will be keeping a close eye on the performance of Roku in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.65, marking a 61.76% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $957.44 million, indicating a 10.42% increase compared to the same quarter of the previous year.
It is also important to note the recent changes to analyst estimates for Roku. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.43% upward. As of now, Roku holds a Zacks Rank of #2 (Buy).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Roku (ROKU) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with Roku (ROKU - Free Report) standing at $87.91, reflecting a +1.5% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.34%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.56%.
The the stock of video streaming company has fallen by 15.39% in the past month, lagging the Consumer Discretionary sector's gain of 2.07% and the S&P 500's gain of 2.56%.
Analysts and investors alike will be keeping a close eye on the performance of Roku in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.65, marking a 61.76% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $957.44 million, indicating a 10.42% increase compared to the same quarter of the previous year.
It is also important to note the recent changes to analyst estimates for Roku. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.43% upward. As of now, Roku holds a Zacks Rank of #2 (Buy).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 30% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.