We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Roku (ROKU - Free Report) closed at $138.14 in the latest trading session, marking a +1.18% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.79%. Meanwhile, the Dow experienced a rise of 0.26%, and the technology-dominated Nasdaq saw an increase of 1.52%.
The video streaming company's stock has climbed by 5.81% in the past month, exceeding the Consumer Discretionary sector's loss of 0.73% and the S&P 500's loss of 1.82%.
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 $0.61, marking a 771.43% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.3 billion, indicating a 16.93% upward movement from the same quarter last year.
ROKU's full-year Zacks Consensus Estimates are calling for earnings of $2.41 per share and revenue of $5.55 billion. These results would represent year-over-year changes of +308.47% and +17.19%, respectively.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. At present, Roku boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Roku is presently being traded at a Forward P/E ratio of 56.63. Its industry sports an average Forward P/E of 13.04, 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. With its current Zacks Industry Rank of 106, this industry ranks in the top 44% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
Image: Bigstock
Roku (ROKU) Rises Higher Than Market: Key Facts
Roku (ROKU - Free Report) closed at $138.14 in the latest trading session, marking a +1.18% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.79%. Meanwhile, the Dow experienced a rise of 0.26%, and the technology-dominated Nasdaq saw an increase of 1.52%.
The video streaming company's stock has climbed by 5.81% in the past month, exceeding the Consumer Discretionary sector's loss of 0.73% and the S&P 500's loss of 1.82%.
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 $0.61, marking a 771.43% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.3 billion, indicating a 16.93% upward movement from the same quarter last year.
ROKU's full-year Zacks Consensus Estimates are calling for earnings of $2.41 per share and revenue of $5.55 billion. These results would represent year-over-year changes of +308.47% and +17.19%, respectively.
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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. At present, Roku boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Roku is presently being traded at a Forward P/E ratio of 56.63. Its industry sports an average Forward P/E of 13.04, 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. With its current Zacks Industry Rank of 106, this industry ranks in the top 44% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.