Roku (ROKU, $284.18) posts surprise earnings for Q1
Roku posted first-quarter earnings, even as analysts expected a loss.
The streaming company’s first quarter profit came in at 54 cents per share, compared to the loss of -13 cents per share that analysts were expecting.
Revenue surged +79% year-over-year to $574.2 million, vs. $491.6 million expected by analysts.
The company said it added 2.4 million active accounts in the quarter to touch 53.6 million, compared to 54.2 million expected by analysts polled by FactSet.
For the second quarter, Roku projects total net revenue of $615 million vs. analyst expectations of $550 million, according to FactSet.
"We are pleased with our start to 2021 and believe the broad secular trends combined with the investments we are making will drive long term growth. Different rates of recovery worldwide from COVID-19, combined with persistent supply chain constraints, make it difficult to predict an economic return to normalcy," said CEO Anthony Wood.
ROKU sees its Stochastic Oscillator climbs out of oversold territory
On May 13, 2022, the Stochastic Indicator for ROKU moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 46 instances where the indicator left the oversold zone. In 42 of the 46 cases the stock moved higher in the following days. This puts the odds of a move higher at over 90%.
Throughout the month of 04/12/22 - 05/13/22, the price experienced a -14% Downtrend, while the week of 05/06/22 - 05/13/22 shows a +1% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ROKU's RSI Oscillator exited the oversold zone, 22 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on ROKU as a result. In 63 of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for ROKU just turned positive on May 13, 2022. Looking at past instances where ROKU's MACD turned positive, the stock continued to rise in 35 of 41 cases over the following month. The odds of a continued upward trend are 85%.
Following a +24.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where ROKU advanced for three days, in 232 of 265 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.
ROKU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ROKU declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The Aroon Indicator for ROKU entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 72%. During the last month, the daily ratio of advancing to declining volumes was 1.24 to 1.
The Tickeron SMR rating for this company is 82 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 86 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.728) is normal, around the industry mean (4.970). ROKU has a moderately high P/E Ratio (100.000) as compared to the industry average of (27.403). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.471). ROKU has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (4.699) is also within normal values, averaging (134.112).
The Tickeron Price Growth Rating for this company is 91 (best 1 - 100 worst), indicating slightly worse than average price growth. ROKU’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 94 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ROKU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 7.1B. The market cap for tickers in the group ranges from 1.4K to 195.5B. DIS holds the highest valuation in this group at 195.5B. The lowest valued company is GTOR at 1.4K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -3.48%. For the same Industry, the average monthly price growth was -12.46%, and the average quarterly price growth was 15.23%. HMTV experienced the highest price growth at 72.94%, while GOAI experienced the biggest fall at -48%.
- 5/4/22 8:26 AM: Roku (ROKU, $103.95) was a top weekly gainer, with a +13.28% jump. Expect an Uptrend continuation
- 3/25/22 6:10 AM: Roku (ROKU, $127.33) was a top weekly gainer, with a +6.21% jump. Expect an Uptrend continuation
- 3/18/22 7:14 AM: Roku (ROKU, $119.88) was a top weekly gainer, with a +8.15% jump
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 1.09%. For the same stocks of the Industry, the average monthly volume growth was 20.8% and the average quarterly volume growth was 56.64%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the BollingerBands Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 48%. During the last month, the daily ratio of advancing to declining volumes was 1.34 to 1.
16 stocks in the group of tickers exhibit a similar positive trend based on the RSI indicator with an average likelihood of 74%.
The most notable companies in this group are Roku (NASDAQ:ROKU), Whirlpool Corp (NYSE:WHR), iRobot Corp (NASDAQ:IRBT), GoPro (NASDAQ:GPRO).
The average market capitalization across the group is 9.2B. The market cap for tickers in the group ranges from 0 to 106.8B. SONY holds the highest valuation in this group at 106.8B. The lowest valued company is TKLS at 0.
The average weekly price growth across all stocks in the group was -3.38%. For the same group, the average monthly price growth was -5.97%, and the average quarterly price growth was -32.51%. SPB experienced the highest price growth at 5.41%, while TKLS experienced the biggest fall at -26.5%.
- 5/12/22 5:38 AM: Whirlpool (WHR, $176.53) was a top loser this week, declining -10.93%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Viomi Technology (VIOT, $1.37) is a top weekly loser for penny stocks, falling -19.53%
- 5/6/22 5:04 AM: WB Burgers Asia (WBBA, $0.04) was a top weekly gainer, with a +40.07% jump
The average weekly volume growth across all stocks in the group was 167.03%. For the same stocks of the group, the average monthly volume growth was 97.81% and the average quarterly volume growth was 267.81%
- 3/4/22 7:36 AM: The volume for Arlo Technologies stock increased for one day, resulting in a record-breaking daily growth of 241% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows