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- Roblox (NYSE:RBLX) is scheduled to announce Q2 earnings results on Tuesday, August 9th, after market close.
- The consensus EPS Estimate is -$0.26 and the consensus Revenue Estimate is $625.43M (-6.0% Y/Y).
- Adjusted EBITDA is expected to plunge over 57% to $71.4M.
- Last quarter, the stock slumped 12% on bookings decline, April showed a steeper drop.
- Previous quarter report showed an indication of trends came from a breakout of April metrics: Bookings were down 8-10% to $221M-$224M, while DAUs rose 23% to 53.1M.
- Wall Street believes that the stock ended June with just under 54M Daily Active Users (DAUs), down 105,000 from the end of March but still almost 25% higher than the year before.
- Company is struggling to grow its user base and is improving engagement with existing users.
- Contributor comments on the stock: 'The stock is far too expensive back trading at near 10x forward sales targets.', other contributor comments: 'Roblox is one of the world’s most popular gaming/entertainment companies with a global daily active user base of more than 50m'
- Wall Street gives the stock a Buy rating and average price target of $42.
- Quant rating of Hold with score of 2.87, lowest factor grading given to valuation and highest factor grade to momentum.
- Over the last 3 months, EPS estimates have seen 1 upward revision and 6 downward. Revenue estimates have seen 0 upward revisions and 14 downward.
- Analyst ratings: MKM Partners analyst Eric Handler raised the firm's price target on Roblox to $40 from $28 and keeps a Neutral rating on the shares.
- In May, Wedbush Securities started coverage on the online game platform company, highlighting its innovation and "large and growing user base."
- Among recent news: In June, Roblox stock has slid 15.8% to its lowest point in a month, as Morgan Stanley responds to May metrics by cutting its estimates for bookings (and its price target).
- In July: Company built a steady surge throughout July 5 to a 12.3% gain in the afternoon - along the way tagging its highest point in two and a half months.
- Shares rose more than 7% during mid-week June after the online gaming platform company reported a 17% Y/Y increase in daily active users in May.
- The stock has climbed about 21% over the last one month and has a market cap of $29.2B.
- On a YTD basis, the stock has dropped about 50%, comparing performance of the stock vs. peers.
- Recent earnings report of the peers: 'EA shares dipped into the red after Q2 outlook fell short'