![]() The Gaming industry is part of the Consumer Discretionary sector. ![]() Roblox currently has a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate has moved 3.26% higher within the past month. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. 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 such, positive estimate revisions reflect analyst optimism about the company's business and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions typically reflect the latest short-term business trends, which can change frequently. Our most recent consensus estimate is calling for quarterly revenue of $768.79 million, up 21.8% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$1.84 per share and revenue of $3.4 billion, which would represent changes of -18.71% and +18.43%, respectively, from the prior year.Īny recent changes to analyst estimates for Roblox should also be noted by investors. The company is expected to report EPS of -$0.42, down 55.56% from the prior-year quarter. Roblox will be looking to display strength as it nears its next earnings release. This has outpaced the Consumer Discretionary sector's loss of 7.98% and the S&P 500's loss of 3.9% in that time. Prior to today's trading, shares of the online gaming platform had gained 6.87% over the past month. Meanwhile, the Dow gained 1.2%, and the Nasdaq, a tech-heavy index, lost 0.68%. This move lagged the S&P 500's daily gain of 0.89%. In the latest trading session, Roblox ( RBLX Quick Quote RBLX - Free Report) closed at $43.36, marking a -0.76% move from the previous day. ![]()
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