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

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In the latest trading session, Roblox (RBLX) closed at $37.49, marking a +1.11% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.34%.

Prior to today's trading, shares of the online gaming platform had gained 28.31% over the past month. This has outpaced the Consumer Discretionary sector's loss of 0.52% and the S&P 500's gain of 1.51% in that time.

Investors will be hoping for strength from Roblox as it approaches its next earnings release, which is expected to be August 9, 2022. On that day, Roblox is projected to report earnings of -$0.24 per share, which would represent year-over-year growth of 4%. Meanwhile, our latest consensus estimate is calling for revenue of $636.61 million, down 4.34% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.04 per share and revenue of $2.76 billion, which would represent changes of -7.22% and +1.39%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Roblox. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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 2.35% higher. Roblox is currently a Zacks Rank #3 (Hold).

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 34% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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