RBLX - Roblox to Report Q1 Earnings: What's in the Cards? | Benzinga
Roblox (NYSE: RBLX) is set to report first-quarter 2024 results on May 9.
The Zacks Consensus Estimate for revenues is pegged at $931.05 million, indicating growth of 20.32% from the year-ago quarter's levels.
The Zacks Consensus Estimate for loss has widened by 1 cent to 53 cents per share over the past 30 days. The company reported a loss of 44 cents per share in the year-ago quarter.
Notably, the company's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 4.37%.
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 2023. Improvements in booking and daily active users (DAUs) were also recorded as customers spent more time on its games. This trend is likely ...