Here's Why Roku (ROKU) Gained But Lagged the Market Today

Stock Performance - Roku's stock closed at $75 89, marking a +0 97% increase from the previous day, but trailed the S&P 500's gain of 1% [1] - Over the last month, Roku's shares decreased by 4 17%, outperforming the Consumer Discretionary sector's loss of 4 58% but underperforming the S&P 500's loss of 2 14% [1] Earnings Expectations - Analysts expect Roku to post earnings of -$ 0 44 per share in the upcoming report, representing a year-over-year growth of 20% [2] - Quarterly revenue is projected to be $1 15 billion, up 16 37% from the same period last year [2] Analyst Estimate Revisions - Recent adjustments to analyst estimates for Roku reflect evolving short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which integrates estimate changes, currently rates Roku as 2 (Buy) [4][5] Industry Overview - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 76, placing it in the top 31% of all industries [6] - Industries in the top 50% of the Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [6]