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.Investors that wish to listen to the company’s conference call can do so using this link.

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

Roblox Stock Performance

Shares of NYSE:RBLX opened at $41.15 on Thursday. The stock has a market capitalization of $24.33 billion, a P/E ratio of -22.27 and a beta of 1.60. Roblox has a 1-year low of $29.55 and a 1-year high of $48.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The business has a 50-day moving average price of $43.19 and a two-hundred day moving average price of $39.01.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at $14,643,026. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Michael Guthrie sold 30,000 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.50, for a total value of $1,245,000.00. Following the completion of the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at approximately $14,643,026. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 17,000 shares of the firm’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 transaction, the insider now directly owns 342,656 shares of the company’s stock, valued at $13,867,288.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 612,673 shares of company stock valued at $26,805,956 in the last quarter. 22.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on RBLX shares. Barclays boosted their price objective on Roblox from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Roth Mkm boosted their price objective on Roblox from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on Roblox from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wedbush restated an “outperform” rating and set a $49.00 target price on shares of Roblox in a research report on Wednesday, October 9th. Finally, Wolfe Research initiated coverage on Roblox in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average target price 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.