Roblox (RBLX) to Release Earnings on Thursday

Roblox (NYSE:RBLX) will post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Roblox to post earnings of ($0.41) per share for the quarter. Roblox has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. The firm had revenue of $923.76 million for the quarter, compared to analysts’ expectations of $918.85 million. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) earnings per share. 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 1.1 %

RBLX opened at $41.03 on Wednesday. The stock has a market capitalization of $24.26 billion, a PE ratio of -22.06 and a beta of 1.59. The firm’s fifty day moving average price is $37.05 and its 200 day moving average price is $38.06. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox has a 12-month low of $24.88 and a 12-month high of $47.20.

Insider Activity at Roblox

In related news, Director Andrea L. Wong sold 5,276 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $31.13, for a total value of $164,241.88. Following the completion of the transaction, the director now owns 26,319 shares in the company, valued at approximately $819,310.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Andrea L. Wong sold 5,276 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $31.13, for a total value of $164,241.88. Following the completion of the transaction, the director now owns 26,319 shares in the company, valued at approximately $819,310.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $40.45, for a total transaction of $525,850.00. Following the completion of the transaction, the director now owns 9,708,603 shares of the company’s stock, valued at approximately $392,712,991.35. The disclosure for this sale can be found here. Insiders sold 476,889 shares of company stock worth $17,575,955 in the last 90 days. Corporate insiders own 22.15% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Roth Mkm upped their price target on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Roth Capital cut shares of Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. The Goldman Sachs Group cut their price target on shares of Roblox from $48.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Morgan Stanley lowered their target price on shares of Roblox from $42.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, Barclays lowered their target price on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.91.

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.