Roblox (RBLX) Stock Moves -0.31%: What You Should Know

The latest trading session saw Roblox (RBLX) ending at $41.16, denoting a -0.31% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.92%. Meanwhile, the Dow experienced a drop of 0.96%, and the technology-dominated Nasdaq saw a decrease of 1.6%.Heading into today, shares of the online gaming platform had lost 12.35% over the past month, lagging the Consumer Discretionary sector's gain of 3.47% and the S&P 500's gain of 2.68% in that time.Analysts and investors alike will be keeping a close eye on the performance of Roblox in its upcoming earnings disclosure. The company's earnings report is set to go public on October 31, 2024. The company is predicted to post an EPS of -$0.38, indicating a 15.56% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.02 billion, indicating a 21.83% upward movement from the same quarter last year.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$1.58 per share and a revenue of $4.23 billion, representing changes of +15.51% and +20.08%, respectively, from the prior year.It's also important for investors to be aware of any recent modifications to analyst estimates for Roblox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.69% higher. Roblox is holding a Zacks Rank of #2 (Buy) right now.The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% of all 250+ industries.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Roblox Corporation (RBLX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks