With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. These revisions help to show the ever-changing nature of near-term business trends. It is also important to note the recent changes to analyst estimates for Roblox. Our most recent consensus estimate is calling for quarterly revenue of $784.91 million, up 22.66% 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. Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. Heading into today, shares of the online gaming platform had lost 4.71% over the past month, lagging the Consumer Discretionary sector's gain of 1.44% and the S&P 500's gain of 4.31% in that time. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 1.26%. The stock outpaced the S&P 500's daily gain of 0.37%. Roblox ( RBLX Quick Quote RBLX - Free Report) closed the most recent trading day at $39.14, moving +1.4% from the previous trading session.
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