We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Roblox (RBLX) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest close session, Roblox (RBLX - Free Report) was up +2.17% at $97.17. This move outpaced the S&P 500's daily loss of 1.13%. Elsewhere, the Dow lost 1.79%, while the tech-heavy Nasdaq lost 1.3%.
The online gaming platform's stock has climbed by 17.75% in the past month, exceeding the Consumer Discretionary sector's gain of 3.54% and the S&P 500's gain of 3.55%.
The investment community will be closely monitoring the performance of Roblox in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.37, signifying a 15.63% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.19 billion, indicating a 24.4% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.4 per share and revenue of $5.36 billion, indicating changes of +2.78% and +22.67%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.64% higher. Roblox is currently sporting 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 137, which puts it in the bottom 45% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Roblox (RBLX) Gains As Market Dips: What You Should Know
In the latest close session, Roblox (RBLX - Free Report) was up +2.17% at $97.17. This move outpaced the S&P 500's daily loss of 1.13%. Elsewhere, the Dow lost 1.79%, while the tech-heavy Nasdaq lost 1.3%.
The online gaming platform's stock has climbed by 17.75% in the past month, exceeding the Consumer Discretionary sector's gain of 3.54% and the S&P 500's gain of 3.55%.
The investment community will be closely monitoring the performance of Roblox in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.37, signifying a 15.63% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.19 billion, indicating a 24.4% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.4 per share and revenue of $5.36 billion, indicating changes of +2.78% and +22.67%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.64% higher. Roblox is currently sporting 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 137, which puts it in the bottom 45% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.