The company’s earnings are expected to be ($0.42) per share for the quarter, which is lower than their previous estimate of ($0.38). has had its Q2 2023 EPS estimates cut by equities research analysts at Wedbush as stated in a research note issued to investors on Wednesday, May 10th. Q2 2023 EPS Estimates Cut as Insiders Sell Shares
With advancing stakes among investors and promising leads for growth now established in recent reports, Robinhood’s future prospects are looking increasingly bright as time progresses through 2021 and beyond. In February this year, Roblox Corporation reported its quarterly earnings held during Q4 2020 to have surpassed analysts’ cash flow estimates but fell behind revenue forecasts by nearly ten million dollars. On another note, several other investors have recently commenced trading in Robinhood -Baillie Gifford & Co., Vanguard Group Inc., State Street Corp, BlackRock Inc., and Norges Bank- who collectively account for around 72% ownership of RBLX stock presently held by institutional investors. Several other research reports have also focused on RBLX, including BTIG Research’s research report that increased the target price from $55 to $60 per share., Roth Mkm’s report raising shares’ rating from “neutral” to “buy” and subsequently increasing the price objective from $37.00 to $48.00, and Needham & Company LLC cutting down their target price from $53 to $48 in their September report. The company’s cheap low price for the past year was priced at $23.88 with a high of $53.88 within the same timeframe. Roblox Corporation (NYSE:RBLX) has recently seen its shares open at $39.36 on Monday, showcasing a debt-to-equity ratio of 3.24, quick and current ratios of 1.55 each, and a market cap of $22.06 billion as of the latest reports.
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