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Roblox (RBLX) Stock Sinks As Market Gains: What You Should Know
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Roblox (RBLX - Free Report) closed at $43.46 in the latest trading session, marking a -0.41% move from the prior day. This move lagged the S&P 500's daily gain of 0.74%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 11.47%.
Coming into today, shares of the online gaming platform had gained 8.34% in the past month. In that same time, the Consumer Discretionary sector gained 1.26%, while the S&P 500 gained 3.34%.
Investors will be hoping for strength from Roblox as it approaches its next earnings release. 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $784.91 million, up 22.66% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.82 per share and revenue of $3.44 billion. These totals would mark changes of -17.42% and +19.6%, respectively, from last 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Roblox is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Roblox (RBLX) Stock Sinks As Market Gains: What You Should Know
Roblox (RBLX - Free Report) closed at $43.46 in the latest trading session, marking a -0.41% move from the prior day. This move lagged the S&P 500's daily gain of 0.74%. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq added 11.47%.
Coming into today, shares of the online gaming platform had gained 8.34% in the past month. In that same time, the Consumer Discretionary sector gained 1.26%, while the S&P 500 gained 3.34%.
Investors will be hoping for strength from Roblox as it approaches its next earnings release. 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $784.91 million, up 22.66% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.82 per share and revenue of $3.44 billion. These totals would mark changes of -17.42% and +19.6%, respectively, from last 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Roblox is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.