Roblox (RBLX) Projected to Post Quarterly Earnings on Thursday

Roblox (NYSE:RBLX - Get Free Report) is expected to 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 wish to listen to the company's conference call can do so using this link.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted ($0.45) earnings per share. The firm's revenue for the quarter 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 Trading Up 2.1 %

Shares of NYSE:RBLX traded up $1.44 on Thursday, reaching $71.52. 5,548,746 shares of the company traded hands, compared to its average volume of 6,155,792. Roblox has a 52 week low of $29.55 and a 52 week high of $71.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The business's 50-day simple moving average is $59.46 and its 200 day simple moving average is $49.21. The stock has a market capitalization of $43.45 billion, a P/E ratio of -43.58 and a beta of 1.43.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RBLX. Macquarie boosted their price objective on Roblox from $50.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Benchmark increased their price target on shares of Roblox from $44.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Raymond James reissued a "strong-buy" rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $59.14.

Insider Transactions at Roblox

In other news, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 6,460 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $332,237.80. Following the sale, the chief executive officer now owns 129,295 shares in the company, valued at approximately $6,649,641.85. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,207,812 shares of company stock worth $69,509,773 in the last quarter. Company insiders own 22.15% of the company's stock.

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.