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Roblox (RBLX) Stock Moves -2.69%: What You Should Know
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In the latest trading session, Roblox (RBLX - Free Report) closed at $49.87, marking a -2.69% move from the previous day. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
The online gaming platform's shares have seen an increase of 32.22% over the last month, surpassing the Consumer Discretionary sector's loss of 6.85% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.41, showcasing a 10.81% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.62 billion, indicating a 15.85% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.55 per share and revenue of $6.88 billion, indicating changes of -0.65% and +1.32%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Roblox. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Roblox possesses a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Roblox (RBLX) Stock Moves -2.69%: What You Should Know
In the latest trading session, Roblox (RBLX - Free Report) closed at $49.87, marking a -2.69% move from the previous day. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
The online gaming platform's shares have seen an increase of 32.22% over the last month, surpassing the Consumer Discretionary sector's loss of 6.85% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.41, showcasing a 10.81% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.62 billion, indicating a 15.85% decline compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.55 per share and revenue of $6.88 billion, indicating changes of -0.65% and +1.32%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Roblox. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Roblox possesses a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
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 follow all of these stock-moving metrics, and many more, on Zacks.com.