Positive earnings estimate revisions indicate a bullish outlook for Interactive Brokers (IBKR), SanDisk (SNDK), and Roku (ROKU), all rated Zacks Rank #1 (Strong Buy). IBKR reported adjusted earnings of $0.69 per share for Q2 2023, a 35% year-over-year increase, with net revenues of $1.90 billion, up 28%. Customer accounts rose 34% to about 5.2 million, and daily average revenue trades (DARTs) increased 36% to 4.8 million.
SanDisk experienced substantial growth, with revenue of $8.97 billion in its latest quarter, up 51% sequentially, and adjusted EPS of $39.25. Datacenter revenue doubled sequentially to approximately $3 billion and surged 437% year-over-year to $5.15 billion, driven by AI infrastructure demand and improved NAND pricing.
Roku posted Q2 earnings of $1.18 per share, exceeding expectations, with total revenues of $1.35 billion, up 22% year-over-year. Platform revenue grew 25% to $1.22 billion, with advertising and subscription revenue also seeing notable increases. The shift in earnings outlook across these firms is backed by solid business performance and market trends.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
