Roku (ROKU) Beats Stock Market Upswing: What Investors Need to Know

Roku (ROKU) ended the recent trading session at $80.16, demonstrating a +1.34% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.35%.The the stock of video streaming company has fallen by 1.01% in the past month, lagging the Consumer Discretionary sector's gain of 2.95% and the S&P 500's gain of 1.02%.Analysts and investors alike will be keeping a close eye on the performance of Roku in its upcoming earnings disclosure. The company's earnings report is set to go public on February 13, 2025. The company is predicted to post an EPS of -$0.44, indicating a 20% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.15 billion, up 16.37% from the year-ago period.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Roku. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.72% higher. Roku is currently sporting a Zacks Rank of #2 (Buy).The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 25% of all 250+ industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Roku, Inc. (ROKU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks