Roblox (NYSE:RBLX – Get Free Report) 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 – Get Free Report) 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.
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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.
Check Out Our Latest Analysis on Roblox
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.
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