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Roblox on stock market2/21/2024 The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries. The Gaming industry is part of the Consumer Discretionary sector. Roblox is holding a Zacks Rank of #3 (Hold) right now. Over the past month, the Zacks Consensus EPS estimate has moved 3.3% lower. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. 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 $885.95 million, up 15.04% from the year-ago period. On that day, Roblox is projected to report earnings of -$0.56 per share, which would represent a year-over-year decline of 124%. This is expected to be February 15, 2023. Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. This has outpaced the Consumer Discretionary sector's gain of 13.51% and the S&P 500's gain of 4.57% in that time. Prior to today's trading, shares of the online gaming platform had gained 35.17% over the past month. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 5.44%. This move outpaced the S&P 500's daily loss of 0.02%. Roblox (RBLX) closed the most recent trading day at $35.70, moving +0.31% from the previous trading session.
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