We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Roblox (RBLX) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Roblox (RBLX - Free Report) closed at $45.78, marking a -1.55% move from the previous day. This change lagged the S&P 500's 2.46% gain on the day. Meanwhile, the Dow gained 2.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Coming into today, shares of the online gaming platform had gained 31.43% in the past month. In that same time, the Consumer Discretionary sector gained 5.53%, while the S&P 500 gained 4.56%.
Roblox will be looking to display strength as it nears its next earnings release, which is expected to be November 9, 2022. In that report, analysts expect Roblox to post earnings of -$0.37 per share. This would mark a year-over-year decline of 184.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $694.88 million, up 8.94% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.34 per share and revenue of $2.82 billion. These totals would mark changes of -38.14% and +3.35%, respectively, from last year.
Any recent changes to analyst estimates for Roblox should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 9.43% lower. Roblox currently has a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Roblox (RBLX) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Roblox (RBLX - Free Report) closed at $45.78, marking a -1.55% move from the previous day. This change lagged the S&P 500's 2.46% gain on the day. Meanwhile, the Dow gained 2.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Coming into today, shares of the online gaming platform had gained 31.43% in the past month. In that same time, the Consumer Discretionary sector gained 5.53%, while the S&P 500 gained 4.56%.
Roblox will be looking to display strength as it nears its next earnings release, which is expected to be November 9, 2022. In that report, analysts expect Roblox to post earnings of -$0.37 per share. This would mark a year-over-year decline of 184.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $694.88 million, up 8.94% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.34 per share and revenue of $2.82 billion. These totals would mark changes of -38.14% and +3.35%, respectively, from last year.
Any recent changes to analyst estimates for Roblox should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 9.43% lower. Roblox currently has a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.