The Gaming industry is part of the Consumer Discretionary sector. Roblox is currently a Zacks Rank #3 (Hold). Within the past 30 days, our consensus EPS projection remained stagnant. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These recent revisions tend to reflect the evolving nature of short-term business trends.

Investors might also notice recent changes to analyst estimates for Roblox. Our most recent consensus estimate is calling for quarterly revenue of $784.91 million, up 22.66% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$1.82 per share and revenue of $3.44 billion, which would represent changes of -17.42% and +19.6%, respectively, from the prior year. On that day, Roblox is projected to report earnings of -$0.46 per share, which would represent a year-over-year decline of 53.33%.

Roblox will be looking to display strength as it nears its next earnings release.

This has lagged the Consumer Discretionary sector's gain of 4.28% and the S&P 500's gain of 4.16% in that time. Prior to today's trading, shares of the online gaming platform had gained 1.86% over the past month. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 9.78%. This move lagged the S&P 500's daily loss of 0.2%. Roblox ( RBLX Quick Quote RBLX - Free Report) closed at $41.72 in the latest trading session, marking a -0.9% move from the prior day.

Roblox sign p