Roblox (RBLX) closed the latest trading day at $58.84, indicating a +1.69% change from the previous session's end. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw a decrease of 0.16%.

Shares of the online gaming platform have appreciated by 6.09% over the course of the past month, outperforming the Consumer Discretionary sector's loss of 2.99% and the S&P 500's loss of 2.36%.

Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.46, marking a 11.54% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.37 billion, showing a 21.48% escalation compared to the year-ago quarter.

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. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% lower within the past month. Roblox currently has a Zacks Rank of #3 (Hold).

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 137, which puts it in the bottom 46% of all 250+ industries.

The Zacks Industry Rank is ordered 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.

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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