Will Roku stock go up?Įxpect Roku's 91/100 score on quality to rise in 2022. Shares of online gaming platform Roblox plummeted 25% Wednesday morning after a worse-than-expected earnings report, making the explosively popular Gen-Z favorite one of the latest victims of skittish investors who have been punishing tech companies for failing to meet revenue expectations. The company's average rating score is 2.63, and is based on 11 buy ratings, 4 hold ratings, and 1 sell rating. Pachter also examines Take-Two Interactive's (TTWO) earnings miss ahead of forecasts for Grand Theft Auto VI's release, Microsoft's (MSFT) deal with Activision-Blizzard (ATVI), and the metaverse's future in gaming.Roblox has received a consensus rating of Buy. "They told us to expect single-digit profit margins," later adding: "The Street read that as 9% and it came in at 4.9%, so they really surprised people with how bad their profits were." Pachter cites Amazon CEO Andy Jassy's pivot to profitability after a series of stock losses as inspiration Roblox should aspire to. "They're just not as profitable as I think a $20 billion valuation implies they should be," Michael Pachter, Wedbush Managing Director of Equity Research, tells Yahoo Finance Live. Roblox did see an increase in daily active users and monthly player counts. Missing on earnings estimates with losses of $0.46 per share, the video game company topped revenue expectations by drawing in $780.7 million. Roblox (RBLX) shares are diving after reporting wider-than-expected losses in its second-quarter earnings. Yahoo Finance Video Roblox needs to learn from 'the Andy Jassy playbook' after Q2 earnings: Analyst
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