This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% 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. The Zacks Consensus EPS estimate remained stagnant within the past month. 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). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. Investors might also notice recent changes to analyst estimates for Roblox. These results would represent year-over-year changes of -17.42% and +19.6%, respectively. RBLX's full-year Zacks Consensus Estimates are calling for earnings of -$1.82 per share and revenue of $3.44 billion. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $785.01 million, up 22.68% from the year-ago period. The company is expected to report EPS of -$0.46, down 53.33% from the prior-year quarter. Roblox will be looking to display strength as it nears its next earnings release, which is expected to be August 9, 2023. Heading into today, shares of the online gaming platform had gained 9.03% over the past month, outpacing the Consumer Discretionary sector's gain of 1.19% and the S&P 500's gain of 3.39% in that time. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, lost 7.84%. This change lagged the S&P 500's daily gain of 0.24%. Roblox ( RBLX Quick Quote RBLX - Free Report) closed the most recent trading day at $44.86, moving -1.49% from the previous trading session.
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