S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Roblox Co. Expected to Post Q2 2022 Earnings of ($0.25) Per Share (NYSE:RBLX)

Last updated on Monday, May 16, 2022 | 2022 MarketBeat

Roblox Co. (NYSE:RBLX - Get Rating) - Investment analysts at Jefferies Financial Group boosted their Q2 2022 earnings per share (EPS) estimates for shares of Roblox in a research report issued on Wednesday, May 11th. Jefferies Financial Group analyst A. Uerkwitz now anticipates that the company will post earnings of ($0.25) per share for the quarter, up from their prior forecast of ($0.30). Jefferies Financial Group has a "Hold" rating and a $50.00 price objective on the stock. Jefferies Financial Group also issued estimates for Roblox's Q3 2022 earnings at ($0.24) EPS, Q4 2022 earnings at ($0.23) EPS, FY2022 earnings at ($0.99) EPS, FY2023 earnings at ($1.11) EPS, FY2024 earnings at ($1.26) EPS, FY2025 earnings at ($1.44) EPS and FY2026 earnings at ($1.60) EPS. Roblox (NYSE:RBLX - Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The company had revenue of $631.21 million for the quarter, compared to analyst estimates of $649.48 million. Roblox had a negative return on equity of 89.21% and a negative net margin of 25.01%. The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.46) earnings per share.


Other research analysts have also recently issued reports about the company. Wedbush assumed coverage on Roblox in a report on Monday, May 9th. They set a "neutral" rating and a $28.00 target price on the stock. Needham & Company LLC lowered their price objective on Roblox from $60.00 to $40.00 in a research report on Thursday. Daiwa Capital Markets started coverage on Roblox in a research report on Monday, March 28th. They issued an "outperform" rating and a $56.00 price objective for the company. Morgan Stanley lowered their price objective on Roblox from $65.00 to $32.00 in a research report on Wednesday, April 27th. Finally, The Goldman Sachs Group lowered Roblox from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $108.00 to $50.00 in a research report on Tuesday, April 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $60.00.

Shares of Roblox stock opened at $32.97 on Monday. The stock has a market cap of $17.82 billion, a P/E ratio of -36.63 and a beta of 2.29. The stock's 50 day simple moving average is $40.08 and its 200-day simple moving average is $70.11. Roblox has a 1-year low of $21.65 and a 1-year high of $141.60. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.73 and a quick ratio of 1.73.

In other Roblox news, insider Craig Donato sold 2,932 shares of the firm's stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $46.87, for a total value of $137,422.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Guthrie sold 2,998 shares of the firm's stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $46.87, for a total value of $140,516.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,930 shares of company stock worth $797,939. Insiders own 28.22% of the company's stock.

A number of institutional investors have recently bought and sold shares of the business. Altos Ventures Management Inc. acquired a new stake in Roblox in the fourth quarter valued at $8,539,770,000. Morgan Stanley raised its stake in Roblox by 106.0% in the third quarter. Morgan Stanley now owns 38,590,461 shares of the company's stock valued at $2,915,509,000 after buying an additional 19,852,955 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Roblox by 39.4% during the first quarter. Vanguard Group Inc. now owns 16,084,809 shares of the company's stock worth $743,762,000 after purchasing an additional 4,546,253 shares in the last quarter. Jennison Associates LLC increased its position in shares of Roblox by 106.0% during the fourth quarter. Jennison Associates LLC now owns 13,427,652 shares of the company's stock worth $1,385,197,000 after purchasing an additional 6,908,284 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in shares of Roblox during the first quarter worth about $362,598,000. Institutional investors own 68.00% of the company's stock.

Roblox Company Profile (Get Rating)

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.

See Also

Earnings History and Estimates for Roblox (NYSE:RBLX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Roblox right now?

Before you consider Roblox, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roblox wasn't on the list.

While Roblox currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.