Roblox Stock (NYSE:RBLX)
The average estimate for earnings per share is now at -$0.54 (compared to -$0.25 in Q4 2021), while the consensus estimate for revenue is currently at $884.71 million (+14.9% year over year).
There has been one upward change to EPS estimates over the course of the last three months, while there have been six negative revisions. There have been 9 upward changes to revenue estimates and 4 negative revisions.
In January, Oppenheimer began providing stock coverage with a neutral recommendation. The brokerage firm cited the company’s strengths, including its ability to diversify revenues via subscriptions and advertising, certain dangers to growth, and the capacity to monetize viewers.
Oppenheimer forecasts that the rate of increase in bookings will decelerate in the near future. The stock was downgraded by Morgan Stanley in the same month owing to worries concerning bookings growth similar to those expressed before. MS indicated that investors most likely anticipated great outcomes from the firm, as proven by its much stronger-than-expected indicators for the month of December.
The information that Roblox provides on its daily active users (DAUs) and its average bookings made by users will also attract the attention of investors. Roblox claimed 58.8 million daily active users, and average user bookings total of $11.94 for the third quarter of 2022.
Both the analysts working for Wall Street firms and the contributors to Seeking Alpha have assigned hold ratings to the Roblox stock. The Quant System at Seeking Alpha, which has consistently outperformed the stock market’s performance, likewise has a hold recommendation on the RBLX stock.
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