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Roku (ROKU) Advances While Market Declines: Some Information for Investors
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Roku (ROKU - Free Report) ended the recent trading session at $112.08, demonstrating a +1.26% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq lost 0.09%.
The stock of video streaming company has risen by 15.74% in the past month, leading the Consumer Discretionary sector's gain of 2.33% and the S&P 500's gain of 2.57%.
The investment community will be paying close attention to the earnings performance of Roku in its upcoming release. The company is predicted to post an EPS of $0.28, indicating a 216.67% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.35 billion, up 12.62% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.33 per share and revenue of $4.69 billion. These totals would mark changes of +137.08% and +14.15%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roku. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Currently, Roku is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Roku has a Forward P/E ratio of 334.13 right now. This expresses a premium compared to the average Forward P/E of 15.77 of its industry.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 170, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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) Advances While Market Declines: Some Information for Investors
Roku (ROKU - Free Report) ended the recent trading session at $112.08, demonstrating a +1.26% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq lost 0.09%.
The stock of video streaming company has risen by 15.74% in the past month, leading the Consumer Discretionary sector's gain of 2.33% and the S&P 500's gain of 2.57%.
The investment community will be paying close attention to the earnings performance of Roku in its upcoming release. The company is predicted to post an EPS of $0.28, indicating a 216.67% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.35 billion, up 12.62% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.33 per share and revenue of $4.69 billion. These totals would mark changes of +137.08% and +14.15%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roku. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Currently, Roku is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Roku has a Forward P/E ratio of 334.13 right now. This expresses a premium compared to the average Forward P/E of 15.77 of its industry.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 170, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.