Roblox (RBLX) outpaces stock market growth

13.01.2023

Shares of Roblox (RBLX) closed at $33.18 in the last trading session, up +0.85% from the previous day. That change outpaced the S&P 500’s 0.34% gain for the day. Elsewhere, the Dow was up 0.64% and the technology Nasdaq added 8.98%.

Prior to today’s trading, shares of the online gaming platform had lost 0.69% over the past month. That lagged the Consumer Discretionary sector’s 5.18% gain and the S&P 500’s 1% gain during that time.

Wall Street will be expecting positivity from Roblox as the company nears the date of its next earnings report. In that report, analysts expect Roblox to post earnings of -$0.51 per share. That would represent a 104% year-over-year decline. Meanwhile, our latest consensus forecast puts the company’s revenue at $858.41 million, up 11.46% from the previous quarter.