Roblox Q1 Earnings Preview: Analyst Estimates, Advertising Growth, Key Items To Watch
Portfolio Pulse from Chris Katje
Roblox Corp. (NYSE:RBLX) is set to report its Q1 financial results on May 9, 2024, with analysts expecting bookings of $922.98 million and a loss of 53 cents per share. The company has surpassed bookings estimates in four of the last five quarters and earnings per share estimates in three of the past five quarters. Guidance for Q1 bookings is between $910 million and $940 million, with full-year bookings expected to be between $4.14 billion and $4.28 billion. JPMorgan upgraded Roblox to Overweight, raising the price target to $48, citing consistent bookings growth and potential in advertising, particularly through a partnership with Walmart for virtual e-commerce and efforts to boost video ad sales with PubMatic Inc (NASDAQ:PUBM). Analysts are optimistic, with several issuing Buy ratings and price targets ranging from $50 to $55.
May 08, 2024 | 5:47 pm
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POSITIVE IMPACT
PubMatic Inc's collaboration with Roblox to boost video ad sales could signal increased revenue potential and a stronger position in the advertising market.
The partnership with Roblox to improve video ad sales could lead to increased revenue for PubMatic, making it an attractive asset for investors focused on the advertising technology sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Roblox is anticipated to report strong Q1 bookings and has a positive outlook from analysts, with upgrades and optimistic price targets. The focus on advertising and partnerships, especially with Walmart, indicates potential revenue growth.
Roblox's consistent bookings growth, analyst upgrades, and strategic partnerships are likely to positively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100