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At the last trading session, Roku (ROKU) closed at $ 107.37, marking a -0.63% increase over the previous day. This was less than the 0.01% daily loss of the S & P 500. At the same time, the Dow Jones added 0.06% and the Nasdaq, a techie company, lost 0.06%.
Today, the company's video streaming shares have lost 22.34% over the past month, lagging gains in the consumer discretionary sector by 2.07% and the gain of the S & P 500 3.23% during this period.
Investors hope that ROKU will be stronger as it approaches its next earnings release. In this report, analysts expect ROKU to report earnings of $ 0.28 per share. This would mark a decline of one year on the other by 211.11%. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 258.07 million, up 48.84% over the same period last year.
The ROKU Zacks consensual estimates for the entire year expect a profit of – 0.50 USD per share and a turnover of 1.08 billion USD. These results would represent variations from one year to the other of -525% and + 45.76%, respectively.
Investors also noted recent changes to analysts' ROKU estimates. Recent revisions tend to reflect the latest short-term business trends. In this spirit, we can consider revisions of positive estimates as a sign of optimism about the company's business prospects.
Based on our research, we believe that these revisions are directly related to stock movements near the teams. Investors can benefit by using Zacks' ranking. This model takes into account these estimation changes and provides a simple and usable scoring system.
Going from # 1 (strong buy) to # 5 (solid selling), Zacks' ranking system is proven to outperform without auditing, with # 1 stock returning + 25% on average per year since 1988. The Zacks Consensus The estimate of EPS increased by 10.71% over the last month. ROKU is currently displaying rank 3 of Zacks (pending).
The radio, television and television broadcasting industry is part of the consumer discretionary sector. This group has a ranking of 216 on the Zacks industry, ranking it among the bottom 16% of the 250+ industries.
The Zacks industry ranking is ranked from best to worst in terms of Zacks' average ranking of individual companies in each of these sectors. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
To follow ROKU in future trading sessions, be sure to use Zacks.com.
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Roku, Inc. (ROKU): Free Stock Analysis Report
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Roku, Inc. (ROKU): Free Stock Analysis Report
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