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Roblox (RBLX) to Report Q1 Earnings: What's in the Cards?
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Roblox (RBLX - Free Report) is set to report first-quarter 2023 results on May 10.
The Zacks Consensus Estimate for revenues is pegged at $766.71 million, indicating growth of 21.47% from the year-ago quarter’s levels.
The consensus estimate for loss has remained steady at 42 cents in the past 30 days, indicating a decline of 55.56% year over year.
Notably, the company’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing thrice, the average negative surprise being 21.29%.
Let’s see how things have shaped up prior to the announcement.
Roblox’s first-quarter performance is expected to have benefited from user and developer growth and strength in daily user engagement levels on the platform.
The company witnessed strong usage growth in the fourth quarter of 2022. Improvements in booking and daily active users (DAUs) were also recorded as customers spent more time on its games. This trend is likely to have continued and impacted the overall first-quarter 2023 performance as well.
In the last reported quarter, average DAUs were 58.8 million, up 19% year over year. The upside was driven by more than 70 experiences of more than a billion visits in 2022. Fourth-quarter 2022 witnessed the highest number of returning players, which contributed to an all-time high of 13.4 million players. Hours Engaged were 12.8 billion, up 18% year over year. Average Bookings per DAU was $15.29, down 2% year over year.
Roblox’s increasing penetration in user base between 9 years and 12 years holds promise. RBLX’s developer community’s focus on providing good content, featuring better visuals and effects, and continued market penetration are expected to drive first-quarter results.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Roblox has an Earnings ESP of -2.93% and carries a Zacks Rank #3, currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
CGAU is set to report first-quarter fiscal 2023 results on May 15. The Zacks Consensus Estimate is pegged at a loss of 4 cents per share, suggesting a decrease of 121.05% from the prior-year period’s reported figure.
Deere & Company (DE - Free Report) has an Earnings ESP of +6.75% and a Zacks Rank #2 at present.
Deere & Company is scheduled to release first-quarter 2023 results on May 19. The Zacks Consensus Estimate for DEs earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure.
Copa Holdings (CPA - Free Report) has an Earnings ESP of +19.57% and currently carries Zacks Rank #2.
Copa Holdings is scheduled to release first-quarter 2023 results on May 10. The Zacks Consensus Estimate for CPA’s earnings is pegged at $3.03 per share, implying an increase of 332.86% from the prior-year quarter’s reported figure.
Image: Bigstock
Roblox (RBLX) to Report Q1 Earnings: What's in the Cards?
Roblox (RBLX - Free Report) is set to report first-quarter 2023 results on May 10.
The Zacks Consensus Estimate for revenues is pegged at $766.71 million, indicating growth of 21.47% from the year-ago quarter’s levels.
The consensus estimate for loss has remained steady at 42 cents in the past 30 days, indicating a decline of 55.56% year over year.
Notably, the company’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing thrice, the average negative surprise being 21.29%.
Let’s see how things have shaped up prior to the announcement.
Roblox Corporation Price and EPS Surprise
Roblox Corporation price-eps-surprise | Roblox Corporation Quote
Factors to Note
Roblox’s first-quarter performance is expected to have benefited from user and developer growth and strength in daily user engagement levels on the platform.
The company witnessed strong usage growth in the fourth quarter of 2022. Improvements in booking and daily active users (DAUs) were also recorded as customers spent more time on its games. This trend is likely to have continued and impacted the overall first-quarter 2023 performance as well.
In the last reported quarter, average DAUs were 58.8 million, up 19% year over year. The upside was driven by more than 70 experiences of more than a billion visits in 2022. Fourth-quarter 2022 witnessed the highest number of returning players, which contributed to an all-time high of 13.4 million players. Hours Engaged were 12.8 billion, up 18% year over year. Average Bookings per DAU was $15.29, down 2% year over year.
Roblox’s increasing penetration in user base between 9 years and 12 years holds promise. RBLX’s developer community’s focus on providing good content, featuring better visuals and effects, and continued market penetration are expected to drive first-quarter results.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Roblox has an Earnings ESP of -2.93% and carries a Zacks Rank #3, currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some other stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Centerra Gold (CGAU - Free Report) has an Earnings ESP of +192.31% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
CGAU is set to report first-quarter fiscal 2023 results on May 15. The Zacks Consensus Estimate is pegged at a loss of 4 cents per share, suggesting a decrease of 121.05% from the prior-year period’s reported figure.
Deere & Company (DE - Free Report) has an Earnings ESP of +6.75% and a Zacks Rank #2 at present.
Deere & Company is scheduled to release first-quarter 2023 results on May 19. The Zacks Consensus Estimate for DEs earnings is pegged at $8.51 per share, indicating an increase of 24.96% from the prior-year quarter’s reported figure.
Copa Holdings (CPA - Free Report) has an Earnings ESP of +19.57% and currently carries Zacks Rank #2.
Copa Holdings is scheduled to release first-quarter 2023 results on May 10. The Zacks Consensus Estimate for CPA’s earnings is pegged at $3.03 per share, implying an increase of 332.86% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.