Q1 2024 EPS Estimates for Roblox Co. (NYSE:RBLX) Cut by Wedbush

Roblox Co. (NYSE:RBLXFree Report) – Investment analysts at Wedbush cut their Q1 2024 earnings per share (EPS) estimates for shares of Roblox in a report issued on Wednesday, February 7th. Wedbush analyst N. Mckay now expects that the company will post earnings of ($0.54) per share for the quarter, down from their prior estimate of ($0.43). Wedbush currently has a “Outperform” rating and a $56.00 target price on the stock. The consensus estimate for Roblox’s current full-year earnings is ($2.07) per share. Wedbush also issued estimates for Roblox’s Q2 2024 earnings at ($0.57) EPS, Q3 2024 earnings at ($0.55) EPS, Q4 2024 earnings at ($0.47) EPS, FY2024 earnings at ($2.13) EPS, Q1 2025 earnings at ($0.56) EPS, Q2 2025 earnings at ($0.62) EPS, Q3 2025 earnings at ($0.62) EPS, Q4 2025 earnings at ($0.52) EPS and FY2025 earnings at ($2.33) EPS.

Roblox (NYSE:RBLXGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 652.99% and a negative net margin of 41.15%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned ($0.48) EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis.

RBLX has been the subject of a number of other research reports. Wells Fargo & Company began coverage on Roblox in a research report on Wednesday, December 13th. They set an “overweight” rating and a $49.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Roblox from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Raymond James boosted their price objective on Roblox from $41.00 to $47.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 9th. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Finally, Benchmark restated a “buy” rating and set a $46.00 price objective on shares of Roblox in a research report on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.05.

View Our Latest Report on RBLX

Roblox Price Performance

Shares of NYSE RBLX opened at $43.74 on Monday. Roblox has a twelve month low of $24.88 and a twelve month high of $47.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 8.38. The company has a market capitalization of $25.09 billion, a price-to-earnings ratio of -23.39 and a beta of 1.68. The business has a 50 day simple moving average of $42.24 and a 200-day simple moving average of $35.64.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Roblox by 171.8% during the 3rd quarter. Barclays PLC now owns 1,086,243 shares of the company’s stock worth $31,457,000 after acquiring an additional 686,594 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Roblox by 7.5% during the 2nd quarter. BlackRock Inc. now owns 24,097,576 shares of the company’s stock worth $971,132,000 after acquiring an additional 1,679,463 shares in the last quarter. Schwab Charitable Fund boosted its stake in shares of Roblox by 54.6% during the 3rd quarter. Schwab Charitable Fund now owns 683,455 shares of the company’s stock worth $19,793,000 after acquiring an additional 241,364 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Roblox by 829.1% during the 3rd quarter. SG Americas Securities LLC now owns 99,572 shares of the company’s stock worth $2,884,000 after acquiring an additional 88,855 shares in the last quarter. Finally, SOL Capital Management CO boosted its stake in shares of Roblox by 42.9% during the 3rd quarter. SOL Capital Management CO now owns 86,398 shares of the company’s stock worth $2,502,000 after acquiring an additional 25,925 shares in the last quarter. 69.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roblox

In related news, Director Gregory Baszucki sold 8,333 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total transaction of $343,069.61. Following the transaction, the director now directly owns 9,786,603 shares of the company’s stock, valued at $402,914,445.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Roblox news, Director Gregory Baszucki sold 8,333 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total value of $343,069.61. Following the transaction, the director now directly owns 9,786,603 shares of the company’s stock, valued at approximately $402,914,445.51. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 4,495 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.70, for a total value of $164,966.50. Following the completion of the transaction, the chief accounting officer now directly owns 97,753 shares in the company, valued at $3,587,535.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 308,272 shares of company stock valued at $12,671,049. Company insiders own 27.67% of the company’s stock.

Roblox Company Profile

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Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.

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Earnings History and Estimates for Roblox (NYSE:RBLX)

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