Roblox (RBLX) closed at $83.22 in the latest trading session, marking a +1.14% move from the prior day. This move outpaced the S&P 500's daily gain of 0.15%.

Heading into today, shares of the online gaming platform had lost 4.11% over the past month, lagging the Consumer Discretionary sector's gain of 0.41% and the S&P 500's loss of 0.58% in that time.

RBLX will be looking to display strength as it nears its next earnings release.

It is also important to note the recent changes to analyst estimates for RBLX. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.07% lower. RBLX is currently sporting a Zacks Rank of #3 (Hold).

The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 181, putting it in the bottom 29% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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