Robinhood Markets, Inc. (HOOD) ended the latest trading session at $22.31, marking a +0.77% increase from the previous day’s closing price. The company’s shares outperformed the S&P 500’s daily gain of 0.16%, while the Dow rose 0.04% and the tech-heavy Nasdaq gained 0.49%.
Heading into today, shares of the company had gained 8.16% over the past month, during which the Financial sector had lost 0.22%, while the S&P 500 had gained 3.22%.
Robinhood Markets, Inc.’s upcoming earnings release will be of great interest to investors. The company’s earnings per share (EPS) are projected to be $0.14, representing year-over-year growth of 366.67%. At the same time, our latest consensus estimates are calling for revenue of $616.88 million, up 26.93% from the same period last year.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.56 per share and revenue of $2.43 billion. Those totals would represent changes of +191.8% and +30.5%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Robinhood Markets, Inc. These changes help show that short-term business trends are always changing, so positive changes in estimates mean analysts are more confident in the company’s performance and earnings potential.
Empirical research shows that these estimate revisions are directly correlated with future stock price movements, and to take advantage of this, we have developed the Zacks Rank, a proprietary model which takes these estimate revisions into account and provides an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.55% higher. Robinhood Markets, Inc. currently has a Zacks Rank #2 (Buy).
Looking at the company’s valuation, Robinhood Markets, Inc. has a Forward P/E ratio of 39.4, which is higher than its industry’s average Forward P/E ratio of 18.1.
Finance – The Investment Banking industry is part of the Finance sector. This industry is currently ranked #54 in the Zacks Industry Rank, putting it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
More information on all of these metrics, and much more, can be found on Zacks.com.
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Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report
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