Roblox (RBLX) Expected to Announce Earnings on Thursday

Roblox (NYSE:RBLX) will likely be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.46) per share and revenue of $1.37 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned ($0.45) earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect Roblox to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Roblox Stock Performance

Shares of RBLX stock opened at $70.00 on Thursday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $42.53 billion, a price-to-earnings ratio of -42.68 and a beta of 1.43. Roblox has a one year low of $29.55 and a one year high of $70.68. The company’s 50-day moving average is $59.46 and its 200 day moving average is $49.21.

Insider Buying and Selling

In related news, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the transaction, the insider now owns 281,161 shares of the company’s stock, valued at approximately $18,525,698.29. This represents a 7.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,207,812 shares of company stock valued at $69,509,773. 22.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RBLX has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Piper Sandler reissued an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday. Wells Fargo & Company upped their price target on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup lifted their price objective on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.14.

Roblox Company Profile

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.