Roblox Stock Price (RBLX) Rallying Into Earnings – What To Expect
Roblox’s stock price (NYSE: RBLX) is heading into earnings this morning with a surge of market confidence, driving RBLX to new highs above $128 in the pre-market.
Analysts are expecting an EPS loss of $0.36 per share, which in itself is a worse loss than the -$0.32 during the same period Y/Y, and in the previous quarter. Revenue growth is where things get interesting, with markets expecting to see $1.27billion on the period, up 32.76% Y/Y, and surpassing the bookings of $1.21 billion in the prior quarter.
Shares in Roblox are currently trading around $128.80, representing a gain of 3% in the pre-market, adding to the 5.59% gain seen during Wednesday’s regular trading session. The stock’s upward momentum reflects strong investor…
