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Roku (ROKU) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Roku (ROKU - Free Report) closed at $89.03, marking a -6.34% move from the previous day. This change lagged the S&P 500's 1.74% loss on the day. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.
The video streaming company's stock has climbed by 3.01% in the past month, exceeding the Consumer Discretionary sector's loss of 3.73% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Roku in its forthcoming earnings report. The company is forecasted to report an EPS of $0.34, showcasing a 278.95% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.2 billion, indicating a 17.88% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.1 per share and a revenue of $5.51 billion, signifying shifts of +255.93% and +16.28%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Roku. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Roku is carrying a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Roku is currently exchanging hands at a Forward P/E ratio of 45.29. Its industry sports an average Forward P/E of 13.68, so one might conclude that Roku is trading at a premium comparatively.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Roku (ROKU) Dips More Than Broader Market: What You Should Know
In the latest trading session, Roku (ROKU - Free Report) closed at $89.03, marking a -6.34% move from the previous day. This change lagged the S&P 500's 1.74% loss on the day. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 2.38%.
The video streaming company's stock has climbed by 3.01% in the past month, exceeding the Consumer Discretionary sector's loss of 3.73% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of Roku in its forthcoming earnings report. The company is forecasted to report an EPS of $0.34, showcasing a 278.95% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.2 billion, indicating a 17.88% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.1 per share and a revenue of $5.51 billion, signifying shifts of +255.93% and +16.28%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Roku. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Roku is carrying a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Roku is currently exchanging hands at a Forward P/E ratio of 45.29. Its industry sports an average Forward P/E of 13.68, so one might conclude that Roku is trading at a premium comparatively.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.