Research Analysts Offer Predictions for Roblox Co.’s Q2 2022 Earnings (NYSE:RBLX)

Roblox Co. (NYSE:RBLXGet Rating) – Analysts at KeyCorp reduced their Q2 2022 earnings estimates for shares of Roblox in a research report issued to clients and investors on Wednesday, May 11th. KeyCorp analyst T. Parker now forecasts that the company will post earnings of ($0.27) per share for the quarter, down from their previous estimate of ($0.26). KeyCorp also issued estimates for Roblox’s Q3 2022 earnings at ($0.30) EPS, Q4 2022 earnings at ($0.38) EPS, FY2022 earnings at ($1.22) EPS, Q1 2023 earnings at ($0.36) EPS, Q2 2023 earnings at ($0.38) EPS, Q3 2023 earnings at ($0.39) EPS, Q4 2023 earnings at ($0.45) EPS and FY2023 earnings at ($1.59) EPS.

A number of other equities analysts also recently commented on RBLX. The Goldman Sachs Group downgraded shares of Roblox from a “buy” rating to a “neutral” rating and cut their target price for the company from $108.00 to $50.00 in a research note on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Roblox from $60.00 to $45.00 in a research note on Thursday. Needham & Company LLC dropped their price target on shares of Roblox from $60.00 to $40.00 in a research note on Thursday. Zacks Investment Research downgraded shares of Roblox from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Finally, Truist Financial dropped their price target on shares of Roblox from $70.00 to $36.00 in a research note on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.00.

Shares of RBLX stock opened at $32.97 on Monday. The company’s fifty day simple moving average is $40.08 and its 200-day simple moving average is $70.11. Roblox has a 52 week low of $21.65 and a 52 week high of $141.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.67. The company has a market cap of $17.82 billion, a PE ratio of -36.63 and a beta of 2.29.

Roblox (NYSE:RBLXGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Roblox had a negative net margin of 25.01% and a negative return on equity of 89.21%. The company had revenue of $631.21 million during the quarter, compared to analyst estimates of $649.48 million. During the same quarter last year, the business earned ($0.46) EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year.

In other news, insider Craig Donato sold 5,000 shares of Roblox stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Guthrie sold 2,998 shares of Roblox stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $46.87, for a total transaction of $140,516.26. The disclosure for this sale can be found here. Insiders sold a total of 15,930 shares of company stock valued at $797,939 over the last ninety days. Company insiders own 28.22% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Altos Ventures Management Inc. acquired a new position in Roblox during the 4th quarter valued at about $8,539,770,000. Morgan Stanley raised its position in shares of Roblox by 106.0% during the 3rd quarter. Morgan Stanley now owns 38,590,461 shares of the company’s stock worth $2,915,509,000 after buying an additional 19,852,955 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Roblox by 39.4% during the 1st quarter. Vanguard Group Inc. now owns 16,084,809 shares of the company’s stock worth $743,762,000 after buying an additional 4,546,253 shares in the last quarter. Jennison Associates LLC raised its position in shares of Roblox by 106.0% during the 4th quarter. Jennison Associates LLC now owns 13,427,652 shares of the company’s stock worth $1,385,197,000 after buying an additional 6,908,284 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new stake in shares of Roblox during the 1st quarter worth about $362,598,000. 68.00% of the stock is owned by hedge funds and other institutional investors.

Roblox Company Profile (Get Rating)

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

See Also

Earnings History and Estimates for Roblox (NYSE:RBLX)

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