Roku (ROKU) Outperforms Broader Market: What You Need to Know

Company Performance - Roku's stock closed at $74.69, reflecting a +0.76% change from the previous day's closing price, outperforming the S&P 500's gain of 0.54% [1] - Over the past month, Roku's shares increased by 25.07%, significantly surpassing the Consumer Discretionary sector's gain of 10.09% and the S&P 500's gain of 4.86% [1] Upcoming Earnings - Roku is expected to report an EPS of -$0.35, indicating an 84.98% increase compared to the same quarter last year [2] - The consensus estimate for Roku's revenue is projected at $1.01 billion, representing an 11.07% rise from the equivalent quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$1.45 and revenue of $3.97 billion, reflecting increases of +71.06% and +13.85% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Roku should be monitored, as they often indicate short-term business trends and analyst optimism regarding the company's profitability [4] - Revisions in estimates are correlated with stock price performance, suggesting that positive changes can lead to favorable market reactions [5] Zacks Rank - Roku currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] - The Zacks Rank system has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [6] Industry Context - The Broadcast Radio and Television industry, which includes Roku, is part of the Consumer Discretionary sector and has a Zacks Industry Rank of 191, placing it in the bottom 25% of over 250 industries [7] - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [7]