Roblox (RBLX) Scheduled to Post Quarterly Earnings on Thursday

Roblox (NYSE:RBLX) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.54) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned ($0.48) EPS. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts expect Roblox to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Roblox Trading Up 1.1 %

Shares of Roblox stock opened at $40.54 on Wednesday. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $25.61 billion, a P/E ratio of -21.68 and a beta of 1.63. Roblox has a 52-week low of $24.88 and a 52-week high of $47.20. The stock’s 50-day simple moving average is $38.03 and its 200 day simple moving average is $39.39.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBLX. Needham & Company LLC upped their price target on shares of Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Barclays raised Roblox from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.00 to $46.00 in a report on Thursday, February 8th. Benchmark reaffirmed a “buy” rating and set a $50.00 price objective on shares of Roblox in a research note on Tuesday, April 23rd. The Goldman Sachs Group raised shares of Roblox from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $48.00 in a report on Thursday, February 8th. Finally, Wedbush increased their target price on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Insider Activity

In other Roblox news, CEO David Baszucki sold 200,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the completion of the sale, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Roblox news, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the completion of the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $44.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $40.68, for a total value of $1,220,400.00. Following the completion of the sale, the chief financial officer now owns 396,709 shares in the company, valued at $16,138,122.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 712,374 shares of company stock valued at $29,639,338. 22.15% of the stock is currently owned by company insiders.

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.