This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% of all 250+ industries. The Gaming industry is part of the Consumer Discretionary sector. Roblox is currently sporting a Zacks Rank of #3 (Hold). Over the past month, the Zacks Consensus EPS estimate remained stagnant. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). ![]() This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions help to show the ever-changing nature of near-term business trends. ![]() It is also important to note the recent changes to analyst estimates for Roblox. Our most recent consensus estimate is calling for quarterly revenue of $784.91 million, up 22.66% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of -$1.82 per share and revenue of $3.44 billion, which would represent changes of -17.42% and +19.6%, respectively, from the prior year. The company is expected to report EPS of -$0.46, down 53.33% from the prior-year quarter. ![]() Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. Heading into today, shares of the online gaming platform had lost 4.71% over the past month, lagging the Consumer Discretionary sector's gain of 1.44% and the S&P 500's gain of 4.31% in that time. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 1.26%. The stock outpaced the S&P 500's daily gain of 0.37%. Roblox ( RBLX Quick Quote RBLX - Free Report) closed the most recent trading day at $39.14, moving +1.4% from the previous trading session.
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