What's Going On With Roblox Shares Tuesday?

Roblox Corporation RBX stock is trading higher on Tuesday. The company is anticipated to report 2024 fiscal-year fourth-quarter earnings on Thursday before the market opens.

The Details: Analysts estimate a loss of 45 cents per share and revenue of $1.35 billion for the company’s fourth-quarter, according to data from Benzinga Pro. Roblox had previously guided revenue between $935 million and $960 million.

For the 2024 fiscal-year, Roblox expects revenue from $3.54 billion to $3.57 billion, adjusted EBITDA from $125 million to $145 million and free cash flow between $621 million and $636 million.

Ahead of earnings, Citigroup analyst Jason Bazinet maintained a Buy rating on Roblox and raised the price target from $63 to $82.

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RBLX Price Action: At the time of writing, Roblox stock is trading 2.49% higher at $72.44, per data from Benzinga Pro.

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