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Roblox (RBLX) Gains As Market Dips: What You Should Know

Roblox (RBLX) closed the most recent trading day at $38.99, moving +1.17% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.67%.

Coming into today, shares of the online gaming platform had gained 33.45% in the past month. In that same time, the Consumer Discretionary sector gained 16.21%, while the S&P 500 gained 8.32%.

Roblox will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2023. On that day, Roblox is projected to report earnings of -$0.55 per share, which would represent a year-over-year decline of 120%. Meanwhile, our latest consensus estimate is calling for revenue of $888.49 million, up 15.37% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for Roblox. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 2.92% lower. Roblox currently has a Zacks Rank of #3 (Hold).

The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 93, putting it in the top 37% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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Roblox Corporation (RBLX) : Free Stock Analysis Report

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