Robinhood Markets, Inc. (HOOD) closed the most recent trading day at $16.65, up +0.97% from the previous session. The stock performed better than the S&P 500, which saw a 0.34% decrease. Meanwhile, the Dow increased by 0.23%, and the Nasdaq dropped by 0.33%.
Over the past month, shares of Robinhood have decreased by 14.12%, underperforming the Finance sector and the S&P 500. The company is set to release its earnings report on May 8, 2024. Analysts expect an EPS of $0.05, a 108.77% increase from the previous year, with revenue projected to be $534.47 million, up by 21.19%.
For the full year, Zacks Consensus Estimates predict earnings of $0.29 per share and revenue of $2.24 billion, representing increases of +147.54% and +19.95%, respectively. Analysts’ revisions to estimates often indicate changing business trends and can impact stock price performance.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), currently rates Robinhood as a #2 (Buy). The company’s Forward P/E ratio is 57.26, higher than the industry average of 16.94, suggesting a premium valuation.
In the Finance sector, the Financial – Investment Bank industry has a Zacks Industry Rank of 19, ranking within the top 8% of industries. The Zacks Industry Rank is calculated based on the average Zacks Rank of individual stocks within the industry.
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