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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves.
These recent revisions tend to reflect the evolving nature of short-term business trends. Investors might also notice 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.
On that day, Roblox is projected to report earnings of -$0.46 per share, which would represent a year-over-year decline of 53.33%. Roblox will be looking to display strength as it nears its next earnings release.
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