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The latest trading session saw Roku (ROKU - Free Report) ending at $61.95, denoting a +1.32% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.74%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq gained 1.68%.
Shares of the video streaming company witnessed a loss of 5.17% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 2.3% and the S&P 500's gain of 0.8%.
Analysts and investors alike will be keeping a close eye on the performance of Roku in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.68, signifying a 50.72% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $850.97 million, indicating a 14.84% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.16 per share and a revenue of $3.85 billion, representing changes of +56.89% and +10.34%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Roku. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 has moved 0.42% lower within the past month. Roku is currently a Zacks Rank #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 9% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Roku (ROKU) Rises Higher Than Market: Key Facts
The latest trading session saw Roku (ROKU - Free Report) ending at $61.95, denoting a +1.32% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.74%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq gained 1.68%.
Shares of the video streaming company witnessed a loss of 5.17% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 2.3% and the S&P 500's gain of 0.8%.
Analysts and investors alike will be keeping a close eye on the performance of Roku in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.68, signifying a 50.72% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $850.97 million, indicating a 14.84% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.16 per share and a revenue of $3.85 billion, representing changes of +56.89% and +10.34%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Roku. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 has moved 0.42% lower within the past month. Roku is currently a Zacks Rank #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 9% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.