Roblox, a popular online entertainment platform, is set to release its quarterly earnings data on September 20th. In its previous earnings report, the company reported a loss per share of ($0.46), in line with analysts’ expectations. The company’s revenue for the quarter was $780.69 million, slightly lower than the estimated $784.99 million.
Roblox has been experiencing a negative return on equity and net margin, indicating some challenges for the company. However, its revenue was up 22.0% compared to the same quarter last year. Analysts predict a negative earnings per share of $-2 for the current fiscal year and the next fiscal year.
The stock has been trading at a range of $25.32 to $47.67 over the past year. As of now, it opened at $27.61 on Tuesday, with a market cap of $15.64 billion. The price-to-earnings ratio is -14.68 with a beta of 1.69.
In terms of insider activity, chief accounting officer Amy Marie Rawlings sold 3,089 shares of Roblox stock at an average price of $27.14, while chief technology officer Daniel Sturman sold 9,204 shares at the same price. Institutional investors have also been weighing in on the stock, with 69.92% of shares owned by hedge funds and other institutional investors.
Wall Street analysts have provided mixed ratings for Roblox. Some have dropped their price target, while others have decreased their target price. However, the stock has a consensus rating of “Hold” and a consensus target price of $38.36.
Roblox Corporation offers various tools and services for developers to create and operate 3D experiences and other content on its platform. It also provides exploration of the digital world through its application, Roblox Client. The company’s services and infrastructure are powered by Roblox Cloud.
Sources:
– SEC filing: [link]
– MarketBeat: [link]
