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Roblox (RBLX) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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In its upcoming report, Roblox (RBLX - Free Report) is predicted by Wall Street analysts to post quarterly loss of -$0.41 per share, reflecting a decline of 10.8% compared to the same period last year. Revenues are forecasted to be $1.63 billion, representing a year-over-year decrease of 15%.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Roblox metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Bookings' to come in at $1.63 billion. The estimate compares to the year-ago value of $1.92 billion.
The consensus among analysts is that 'Daily Active Users (DAUs)' will reach 130.65 million. Compared to the present estimate, the company reported 151.50 million in the same quarter last year.
It is projected by analysts that the 'Total Hours Engaged' will reach 32.24 billion. Compared to the current estimate, the company reported 39.60 billion in the same quarter of the previous year.
The average prediction of analysts places 'Daily Active Users (DAUs) - ROW' at 35.28 million. The estimate is in contrast to the year-ago figure of 45.20 million.
The collective assessment of analysts points to an estimated 'Daily Active Users (DAUs) - APAC' of 42.14 million. Compared to the current estimate, the company reported 46.30 million in the same quarter of the previous year.
Analysts' assessment points toward 'Daily Active Users (DAUs) - US & Canada' reaching 24.03 million. Compared to the current estimate, the company reported 26.10 million in the same quarter of the previous year.
The consensus estimate for 'Daily Active Users (DAUs) - Europe' stands at 28.18 million. Compared to the current estimate, the company reported 33.90 million in the same quarter of the previous year.
Shares of Roblox have experienced a change of +13.9% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), RBLX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Roblox (RBLX) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Roblox (RBLX - Free Report) is predicted by Wall Street analysts to post quarterly loss of -$0.41 per share, reflecting a decline of 10.8% compared to the same period last year. Revenues are forecasted to be $1.63 billion, representing a year-over-year decrease of 15%.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Roblox metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Bookings' to come in at $1.63 billion. The estimate compares to the year-ago value of $1.92 billion.
The consensus among analysts is that 'Daily Active Users (DAUs)' will reach 130.65 million. Compared to the present estimate, the company reported 151.50 million in the same quarter last year.
It is projected by analysts that the 'Total Hours Engaged' will reach 32.24 billion. Compared to the current estimate, the company reported 39.60 billion in the same quarter of the previous year.
The average prediction of analysts places 'Daily Active Users (DAUs) - ROW' at 35.28 million. The estimate is in contrast to the year-ago figure of 45.20 million.
The collective assessment of analysts points to an estimated 'Daily Active Users (DAUs) - APAC' of 42.14 million. Compared to the current estimate, the company reported 46.30 million in the same quarter of the previous year.
Analysts' assessment points toward 'Daily Active Users (DAUs) - US & Canada' reaching 24.03 million. Compared to the current estimate, the company reported 26.10 million in the same quarter of the previous year.
The consensus estimate for 'Daily Active Users (DAUs) - Europe' stands at 28.18 million. Compared to the current estimate, the company reported 33.90 million in the same quarter of the previous year.
View all Key Company Metrics for Roblox here>>>Shares of Roblox have experienced a change of +13.9% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), RBLX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .