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Roblox (RBLX) Gains As Market Dips: What You Should Know
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Roblox (RBLX - Free Report) closed the most recent trading day at $50.71, moving +0.4% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.34%.
Heading into today, shares of the online gaming platform had gained 4.77% over the past month, outpacing the Consumer Discretionary sector's loss of 0.38% and lagging the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. The company is expected to report EPS of -$0.23, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $644.27 million, down 1.23% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.92 per share and revenue of $2.92 billion, which would represent changes of +5.15% and +6.98%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Roblox. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection has moved 1.65% higher. Roblox is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RBLX in the coming trading sessions, be sure to utilize Zacks.com.
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Roblox (RBLX) Gains As Market Dips: What You Should Know
Roblox (RBLX - Free Report) closed the most recent trading day at $50.71, moving +0.4% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.34%.
Heading into today, shares of the online gaming platform had gained 4.77% over the past month, outpacing the Consumer Discretionary sector's loss of 0.38% and lagging the S&P 500's gain of 5.04% in that time.
Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. The company is expected to report EPS of -$0.23, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $644.27 million, down 1.23% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.92 per share and revenue of $2.92 billion, which would represent changes of +5.15% and +6.98%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Roblox. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection has moved 1.65% higher. Roblox is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RBLX in the coming trading sessions, be sure to utilize Zacks.com.