Roku (ROKU) closed the most recent trading day at $61.80, moving +1.75% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.09%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.16%.
Prior to today's trading, shares of the video streaming company had gained 21% over the past month. This has outpaced the Consumer Discretionary sector's gain of 2.18% and the S&P 500's gain of 2.35% in that time.
ROKU will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.25, down 257.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $189.40 million, up 38.67% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.70 per share and revenue of $1.02 billion. These totals would mark changes of -775% and +37.43%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ROKU. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 145.73% lower. 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 96, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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