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 sentiment buoyed by reported user growth, particularly internationally.

The rally has been taking place for some time now, with the bulls seemingly unshakeable. During the past month, RBLX has climbed 18.76%, with gains of 112% since the turn of the year, and a staggering 200% in 12 months.

Analysts project continued high growth with persistent losses. That being said, the street has seen 6 revised EPS estimates for the period in the month leading into earnings, with no moves to the downside.