At the most recent trading session, Roku (ROKU) closed at $151.57, signaling a +1.9% movement from the preceding moment. This shift outpaced the S&P 500’s 1.24% profit on the day. The Dow gained 0.61%, although the tech-heavy Nasdaq added 1.35%.Heading into now, stocks of the movie streaming firm had obtained 27.65% within the last month, outpacing the Consumer Discretionary sector’s advantage of 8.08% and the S&P 500’s advantage of 7.09% because time.ROKU will be seeking to exhibit strength as it accelerates its next earnings release, which will be anticipated to be August 5, 2020. On this day, ROKU is estimated to report earnings of -$0.56 per share, which would represent a yearover-year decline of 600%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $302.17 million, up 20.82% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.78 per share and revenue of $1.48 billion, that might represent changes of -242.31% and +31.47%, respectively, from the prior year. )Investors might also notice recent changes to analyst estimates for ROKU. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges by #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outsideaudited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ROKU is currently a Zacks Rank #3 (Hold).The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% 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.To follow ROKU in the coming trading sessions, be sure to utilize Zacks.com.Want the latest recommendations in Zacks Investment Research? Todayyou could download 7 Best Stocks for this following 30 Days. Click here to get this free report Roku, Inc. (ROKU) : Free Stock Evaluation Report To see this article on Zacks.com click here. Zacks Investment Research
