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In the latest close session, Roku (ROKU - Free Report) was up +2.91% at $97.66. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.18%.
Shares of the video streaming company witnessed a loss of 2.68% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 6.69%, and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Roku in its upcoming release. It is anticipated that the company will report an EPS of $0.34, marking a 278.95% rise compared to the same quarter of the previous 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.1 per share and revenue of $5.51 billion, indicating changes of +255.93% and +16.28%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Roku should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. At present, Roku boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Roku currently has a Forward P/E ratio of 45.21. This indicates a premium in contrast to its industry's Forward P/E of 13.4.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 33% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Roku (ROKU) Rises Higher Than Market: Key Facts
In the latest close session, Roku (ROKU - Free Report) was up +2.91% at $97.66. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.18%.
Shares of the video streaming company witnessed a loss of 2.68% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 6.69%, and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Roku in its upcoming release. It is anticipated that the company will report an EPS of $0.34, marking a 278.95% rise compared to the same quarter of the previous 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.1 per share and revenue of $5.51 billion, indicating changes of +255.93% and +16.28%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Roku should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. At present, Roku boasts a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Roku currently has a Forward P/E ratio of 45.21. This indicates a premium in contrast to its industry's Forward P/E of 13.4.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 33% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.