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(RBLX) Advances While Market Declines: Some Information for Investors
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The most recent trading session ended with Roblox (RBLX - Free Report) standing at $29.82, reflecting a +0.78% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.12%.
The online gaming platform's shares have seen an increase of 1.72% over the last month, surpassing the Consumer Discretionary sector's loss of 6.99% and the S&P 500's loss of 5.53%.
Investors will be eagerly watching for the performance of Roblox in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.53, marking a 6% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $829.19 million, indicating a 18.16% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.91 per share and revenue of $3.43 billion. These totals would mark changes of -23.23% and +19.4%, respectively, from last year.
Any recent changes to analyst estimates for Roblox should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Roblox currently has a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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(RBLX) Advances While Market Declines: Some Information for Investors
The most recent trading session ended with Roblox (RBLX - Free Report) standing at $29.82, reflecting a +0.78% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.12%.
The online gaming platform's shares have seen an increase of 1.72% over the last month, surpassing the Consumer Discretionary sector's loss of 6.99% and the S&P 500's loss of 5.53%.
Investors will be eagerly watching for the performance of Roblox in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.53, marking a 6% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $829.19 million, indicating a 18.16% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.91 per share and revenue of $3.43 billion. These totals would mark changes of -23.23% and +19.4%, respectively, from last year.
Any recent changes to analyst estimates for Roblox should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Roblox currently has a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.