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Roblox (RBLX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Roblox (RBLX - Free Report) closed the most recent trading day at $88.51, moving -6.18% from the previous trading session. This move lagged the S&P 500's daily loss of 1.07%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%.
Heading into today, shares of the online gaming platform had lost 6.84% over the past month, lagging the Consumer Discretionary sector's loss of 1.93% and the S&P 500's gain of 0.94%.
The upcoming earnings release of Roblox will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.5, reflecting a 51.52% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.07 billion, indicating a 52.11% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.59 per share and a revenue of $6.64 billion, demonstrating changes of -10.42% and +51.88%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.22% higher. 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 180, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Roblox (RBLX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Roblox (RBLX - Free Report) closed the most recent trading day at $88.51, moving -6.18% from the previous trading session. This move lagged the S&P 500's daily loss of 1.07%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%.
Heading into today, shares of the online gaming platform had lost 6.84% over the past month, lagging the Consumer Discretionary sector's loss of 1.93% and the S&P 500's gain of 0.94%.
The upcoming earnings release of Roblox will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.5, reflecting a 51.52% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.07 billion, indicating a 52.11% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$1.59 per share and a revenue of $6.64 billion, demonstrating changes of -10.42% and +51.88%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.22% higher. 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 180, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.