We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Roku (ROKU - Free Report) closed at $60.09, marking a +0.57% move from the previous day. This change outpaced the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the video streaming company had gained 22.54% over the past month, outpacing the Consumer Discretionary sector's loss of 1.32% and the S&P 500's gain of 2.34% in that time.
Investors will be hoping for strength from ROKU as it approaches its next earnings release, which is expected to be November 14, 2018. The company is expected to report EPS of -$0.14, up 98.41% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $169.71 million, up 36.01% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.16 per share and revenue of $720.62 million, which would represent changes of +92.86% and +40.54%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ROKU. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has moved 46.31% higher. ROKU currently has a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Roku (ROKU) Gains As Market Dips: What You Should Know
In the latest trading session, Roku (ROKU - Free Report) closed at $60.09, marking a +0.57% move from the previous day. This change outpaced the S&P 500's 0.17% loss on the day. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.14%.
Heading into today, shares of the video streaming company had gained 22.54% over the past month, outpacing the Consumer Discretionary sector's loss of 1.32% and the S&P 500's gain of 2.34% in that time.
Investors will be hoping for strength from ROKU as it approaches its next earnings release, which is expected to be November 14, 2018. The company is expected to report EPS of -$0.14, up 98.41% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $169.71 million, up 36.01% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.16 per share and revenue of $720.62 million, which would represent changes of +92.86% and +40.54%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ROKU. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 past month, the Zacks Consensus EPS estimate has moved 46.31% higher. ROKU currently has a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.