were advancing 5% in morning trading Wednesday after the gaming company saw losses swell in the first quarter - but exceeded expectations with its billings performance. This group has a Zacks Industry Rank of 88, putting it in the top 35% of all 250+ industries.Company posted a wider first-quarter loss than analysts were expecting The Gaming industry is part of the Consumer Discretionary sector. Roblox is currently a Zacks Rank #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). Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon.
Our research shows that these estimate changes are directly correlated with near-term stock prices. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends.
Investors should also note any recent changes to analyst estimates for Roblox. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $785.01 million, up 22.68% 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. Investors will be hoping for strength from Roblox as it approaches its next earnings release, which is expected to be August 9, 2023. In that same time, the Consumer Discretionary sector gained 3.43%, while the S&P 500 gained 4.86%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq gained 0.61%.Ĭoming into today, shares of the online gaming platform had gained 0.87% in the past month. Roblox (RBLX) closed at $39.66 in the latest trading session, marking a +0.28% move from the prior day.
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