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Roblox (RBLX) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Roblox (RBLX) closed at $41.85, marking a -0.99% move from the previous day. This change lagged the S&P 500's 0.16% loss on the day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq lost 3.64%.

Coming into today, shares of the online gaming platform had gained 15.33% in the past month. In that same time, the Consumer Discretionary sector lost 2.9%, while the S&P 500 gained 0.07%.

Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. The company is expected to report EPS of -$0.42, down 55.56% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $768.79 million, up 21.8% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.84 per share and revenue of $3.4 billion. These totals would mark changes of -18.71% and +18.43%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for Roblox. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% lower. Roblox is holding a Zacks Rank of #3 (Hold) right now.

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow RBLX in the coming trading sessions, be sure to utilize Zacks.com.

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Roblox Corporation (RBLX) : Free Stock Analysis Report

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