Roblox (RBLX) to Release Earnings on Thursday

Roblox (NYSE:RBLX) will be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Roblox has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.46) earnings per share. On average, analysts expect Roblox to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roblox Stock Up 0.4 %

RBLX opened at $42.31 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 9.04. The firm has a market cap of $25.32 billion, a P/E ratio of -24.60 and a beta of 1.60. Roblox has a 52 week low of $29.55 and a 52 week high of $48.43. The business’s fifty day simple moving average is $43.32 and its 200 day simple moving average is $39.09.

Insider Activity

In related news, insider Mark Reinstra sold 12,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the insider now directly owns 342,656 shares in the company, valued at approximately $13,706,240. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Roblox news, insider Mark Reinstra sold 12,000 shares of Roblox stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the insider now directly owns 342,656 shares in the company, valued at $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the sale, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 779,341 shares of company stock valued at $33,831,012 in the last three months. Corporate insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price target on shares of Roblox in a research note on Tuesday, July 30th. Wells Fargo & Company raised their price target on Roblox from $46.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Roth Mkm raised their price target on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Wolfe Research assumed coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

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.