Roblox (RBLX) Scheduled to Post Earnings on Thursday

Roblox (NYSE:RBLX) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Roblox to post earnings of ($0.54) per share for the quarter. Roblox has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Roblox (NYSE:RBLX) last released its earnings results on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned ($0.48) earnings per share. Roblox’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts expect Roblox to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Roblox Trading Up 2.2 %

Shares of RBLX stock opened at $40.11 on Tuesday. Roblox has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The stock has a market cap of $25.34 billion, a P/E ratio of -21.45 and a beta of 1.63. The business has a fifty day simple moving average of $38.06 and a 200-day simple moving average of $39.33. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 200,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $44.09, for a total value of $8,818,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $44.09, for a total value of $8,818,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at $44.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 10,972 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $445,902.08. Following the completion of the sale, the chief financial officer now directly owns 233,629 shares of the company’s stock, valued at approximately $9,494,682.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 712,374 shares of company stock worth $29,639,338. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RBLX. The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and raised their price target for the company from $35.00 to $48.00 in a research report on Thursday, February 8th. BMO Capital Markets lifted their price objective on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $48.00 in a research report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and set a $50.00 price objective on shares of Roblox in a research report on Tuesday, April 23rd. Finally, Roth Mkm reiterated a “buy” rating and set a $55.00 price objective on shares of Roblox in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It 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 experience; and Roblox Cloud, which provides services and infrastructure that power the platform.