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. 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. A year ago, Roblox was valued at $4 billion.Wall Street will be looking for positivity from Roblox as it approaches its next earnings report date. The firm was founded in 2004 and was valued at $29.5 billion last month after it raised $520 million in a Series H round. Roblox is an online platform that allows users to easily develop and play video games. Roblox has finally set its eye on a date to go public: «on or about» March 10, according to a company filing submitted to the SEC on Monday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The firm had previously planned to go public via a traditional IPO late last year, but delayed the public debut following the volatile opening trades in several IPOs like DoorDash and Airbnb.

Roblox is a video game platform that was most recently valuated at $29.5 billion last month.

Roblox said it plans to go public through a direct listing next month, according to a filing from the company.

David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on Augin Burlingame, California.

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