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Roblox (RBLX) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, Roblox (RBLX - Free Report) was down 2.33% at $57.79. This move lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw an increase of 0.47%.
Prior to today's trading, shares of the online gaming platform had lost 6.33% lagged the Consumer Discretionary sector's loss of 1.75% and the S&P 500's loss of 1.88%.
Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.43, marking a 34.38% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.73 billion, up 43.33% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.61 per share and revenue of $8.45 billion, indicating changes of -4.55% and +24.4%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Roblox. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
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 remained stagnant. As of now, Roblox holds a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 166, positioning it in the bottom 33% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Roblox (RBLX) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, Roblox (RBLX - Free Report) was down 2.33% at $57.79. This move lagged the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw an increase of 0.47%.
Prior to today's trading, shares of the online gaming platform had lost 6.33% lagged the Consumer Discretionary sector's loss of 1.75% and the S&P 500's loss of 1.88%.
Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.43, marking a 34.38% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.73 billion, up 43.33% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.61 per share and revenue of $8.45 billion, indicating changes of -4.55% and +24.4%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Roblox. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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.
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 remained stagnant. As of now, Roblox holds a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 166, positioning it in the bottom 33% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.