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 that are interested in registering for the company’s earnings conference call can do so using this link.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.07. The business had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The firm’s revenue was up 31.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.46) 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 Price Performance

Shares of RBLX opened at $41.15 on Thursday. The firm has a market cap of $24.33 billion, a PE ratio of -22.27 and a beta of 1.60. The firm’s 50 day moving average price is $43.19 and its 200 day moving average price is $39.01. 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 twelve month low of $29.55 and a twelve month high of $48.43.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Reinstra sold 17,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $40.47, for a total transaction of $687,990.00. Following the completion of the sale, the insider now owns 342,656 shares in the company, valued at $13,867,288.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 612,673 shares of company stock worth $26,805,956 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RBLX. BTIG Research raised their price objective on shares of Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Wedbush reaffirmed an “outperform” rating and set a $49.00 price objective on shares of Roblox in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of Roblox from $46.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Needham & Company LLC lifted their price target on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Roth Mkm lifted their price target on shares of Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.29.

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.