Roblox (RBLX) to Release Earnings on Thursday

Roblox (NYSE:RBLX) is set to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Roblox to post 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same period in the prior year, the firm earned ($0.46) earnings per share. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. 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 stock opened at $42.31 on Tuesday. The company’s 50 day moving average price is $43.32 and its 200 day moving average price is $39.09. The company has a debt-to-equity ratio of 9.04, a quick ratio of 1.03 and a current ratio of 1.03. Roblox has a fifty-two week low of $29.55 and a fifty-two week high of $48.43. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of -24.60 and a beta of 1.60.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roblox news, CAO Amy Marie Rawlings sold 4,933 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arvind Chakravarthy sold 592 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 276,892 shares of the company’s stock, valued at $11,994,961.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 779,341 shares of company stock valued at $33,831,012 over the last three months. 22.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays upped their price target on Roblox from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Benchmark upped their price target on Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Macquarie upped their price target on Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group started coverage on Roblox in a report on Thursday, July 11th. They issued a “hold” rating and a $42.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Roblox 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.