Last trading day, Roblox (RBLX) finished at $40.65, up 0.64%. The stock outperformed the S&P 500's 0.29% daily loss. The Dow fell 0.35% and the tech-heavy Nasdaq 0.3%.
Online gaming platform shares fell 8.5% in the past month, trailing the Consumer Discretionary sector's 2.42% increase and the S&P 500's 4.42%.
Investors will watch Roblox's earnings report. On that day, Roblox is expected to disclose -$0.54 per share, a 22.73% drop year-over-year. Our consensus expectation is $930.43 million in revenue, up 20.24% from the prior-year quarter.
RBLX's full-year Zacks Consensus Estimates are -$2.10 per share and $4.23 billion in revenue. These statistics indicate -12.3% and +20.08% year-over-year changes.
Investors should also be wary of Roblox analyst estimate changes. Recent changes frequently reflect short-term business practices. Positive estimate revisions indicate analyst optimism about the company's business and profitability.
These estimate adjustments connect with near-term share price momentum, according to research. We created the Zacks Rank, a unique algorithm that accounts for estimate fluctuations and delivers an actionable grading system.
1 stocks have returned +25% annually since 1988, according to outside audits. The Zacks Consensus EPS projection dropped 0.3% in 30 days. Roblox has a #3 Zacks Rank (Hold).
Gaming is a Consumer Discretionary industry. Zacks Industry Rank 148 puts this industry in the worst 42% of 250+ industries. Based on the average Zacks Rank of each company in each sector, the Zacks Industry Rank is arranged from best to worst. Our analysis shows that the top 50% of ranked industries outperform the bottom half 2 to 1.
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