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In the latest trading session, Roku (ROKU - Free Report) closed at $154.34, marking a +1.16% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.33%. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The stock of video streaming company has fallen by 1.64% in the past month, leading the Consumer Discretionary sector's loss of 3.52% and undershooting the S&P 500's gain of 1.41%.
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 $0.56, showcasing a 250% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.41 billion, indicating a 16.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.84 per share and revenue of $5.61 billion, which would represent changes of +381.36% and +18.46%, respectively, from the prior year.
Investors should also take note of any recent adjustments 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.39% higher. Roku is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Roku is holding a Forward P/E ratio of 53.66. This denotes a premium relative to the industry average Forward P/E of 9.3.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 65, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ROKU in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Roku (ROKU) Laps the Stock Market: Here's Why
In the latest trading session, Roku (ROKU - Free Report) closed at $154.34, marking a +1.16% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.33%. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The stock of video streaming company has fallen by 1.64% in the past month, leading the Consumer Discretionary sector's loss of 3.52% and undershooting the S&P 500's gain of 1.41%.
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 $0.56, showcasing a 250% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.41 billion, indicating a 16.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.84 per share and revenue of $5.61 billion, which would represent changes of +381.36% and +18.46%, respectively, from the prior year.
Investors should also take note of any recent adjustments 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.39% higher. Roku is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Roku is holding a Forward P/E ratio of 53.66. This denotes a premium relative to the industry average Forward P/E of 9.3.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 65, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ROKU in the coming trading sessions, be sure to utilize Zacks.com.