Back to top

Image: Bigstock

Roblox (RBLX) Stock Moves -0.65%: What You Should Know

Read MoreHide Full Article

Roblox (RBLX - Free Report) closed at $26.16 in the latest trading session, marking a -0.65% move from the prior day. This change was narrower than the S&P 500's 1.2% loss on the day. At the same time, the Dow lost 1.1%, and the tech-heavy Nasdaq lost 2.86%.

Coming into today, shares of the online gaming platform had lost 11.73% in the past month. In that same time, the Consumer Discretionary sector lost 4.14%, while the S&P 500 lost 4.77%.

Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. On that day, Roblox is projected to report earnings of -$0.51 per share, which would represent a year-over-year decline of 104%. Our most recent consensus estimate is calling for quarterly revenue of $858.53 million, up 11.48% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.58 per share and revenue of $2.83 billion, which would represent changes of -62.89% and +3.87%, respectively, from the prior year.

Any recent changes to analyst estimates for Roblox should also be noted by investors. These revisions help to show the ever-changing nature of 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. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.14% lower. Roblox is holding a Zacks Rank of #3 (Hold) right now.

The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% 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.

To follow RBLX in the coming trading sessions, be sure to utilize

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

Roblox Corporation (RBLX) - free report >>

Published in