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Roku (ROKU) Stock Moves -0.28%: What You Should Know

Zacks Equity Research

Roku (ROKU) closed at $39.46 in the latest trading session, marking a -0.28% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.94%.

Prior to today's trading, shares of the video streaming company had gained 17.28% over the past month. This has outpaced the Consumer Discretionary sector's gain of 1.16% and the S&P 500's loss of 1.47% in that time.

Wall Street will be looking for positivity from ROKU as it approaches its next earnings report date. This is expected to be February 20, 2019. The company is expected to report EPS of $0.01, down 83.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $261.52 million, up 38.91% from the year-ago period.

It is also important to note the recent changes to analyst estimates for ROKU. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 25.77% lower within the past month. ROKU is currently sporting a Zacks Rank of #3 (Hold).

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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Zacks Investment Research