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Why the Market Dipped But Roblox (RBLX) Gained Today
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In the latest trading session, Roblox (RBLX - Free Report) closed at $58.91, marking a +0.19% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.09%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.1%.
The the stock of online gaming platform has risen by 14.13% in the past month, leading the Consumer Discretionary sector's gain of 0.69% and the S&P 500's loss of 0.29%.
Market participants will be closely following the financial results of Roblox in its upcoming release. The company is forecasted to report an EPS of -$0.46, showcasing a 11.54% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.37 billion, up 21.48% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.56 per share and revenue of $4.38 billion. These totals would mark changes of +16.58% and +24.3%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Roblox. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.06% fall in the Zacks Consensus EPS estimate. Currently, Roblox is carrying a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 141, finds itself in the bottom 44% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Why the Market Dipped But Roblox (RBLX) Gained Today
In the latest trading session, Roblox (RBLX - Free Report) closed at $58.91, marking a +0.19% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.09%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.1%.
The the stock of online gaming platform has risen by 14.13% in the past month, leading the Consumer Discretionary sector's gain of 0.69% and the S&P 500's loss of 0.29%.
Market participants will be closely following the financial results of Roblox in its upcoming release. The company is forecasted to report an EPS of -$0.46, showcasing a 11.54% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.37 billion, up 21.48% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.56 per share and revenue of $4.38 billion. These totals would mark changes of +16.58% and +24.3%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Roblox. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.06% fall in the Zacks Consensus EPS estimate. Currently, Roblox is carrying a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 141, finds itself in the bottom 44% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.