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Roku (ROKU) Stock Dips While Market Gains: Key Facts
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Roku (ROKU - Free Report) closed the most recent trading day at $99.93, moving -1.87% from the previous trading session. This move lagged the S&P 500's daily gain of 0.58%.
The stock of video streaming company has risen by 4.99% in the past month, leading the Consumer Discretionary sector's loss of 2.97% and the S&P 500's gain of 3.68%.
The investment community will be paying close attention to the earnings performance of Roku in its upcoming release. The company is forecasted to report an EPS of $0.07, showcasing a 216.67% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.21 billion, indicating a 13.46% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.12 per share and a revenue of $4.66 billion, demonstrating changes of +113.48% and +13.24%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Roku. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Roku currently has a Zacks Rank of #3 (Hold).
Investors should also note Roku's current valuation metrics, including its Forward P/E ratio of 870.34. This denotes a premium relative to the industry average Forward P/E of 30.64.
We can also see that ROKU currently has a PEG ratio of 14.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 1.86.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Roku (ROKU) Stock Dips While Market Gains: Key Facts
Roku (ROKU - Free Report) closed the most recent trading day at $99.93, moving -1.87% from the previous trading session. This move lagged the S&P 500's daily gain of 0.58%.
The stock of video streaming company has risen by 4.99% in the past month, leading the Consumer Discretionary sector's loss of 2.97% and the S&P 500's gain of 3.68%.
The investment community will be paying close attention to the earnings performance of Roku in its upcoming release. The company is forecasted to report an EPS of $0.07, showcasing a 216.67% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.21 billion, indicating a 13.46% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.12 per share and a revenue of $4.66 billion, demonstrating changes of +113.48% and +13.24%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Roku. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Roku currently has a Zacks Rank of #3 (Hold).
Investors should also note Roku's current valuation metrics, including its Forward P/E ratio of 870.34. This denotes a premium relative to the industry average Forward P/E of 30.64.
We can also see that ROKU currently has a PEG ratio of 14.25. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 1.86.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.