We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to Robinhood Markets (HOOD) Q1 Earnings: Wall Street Forecasts for Key Metrics
Read MoreHide Full Article
In its upcoming report, Robinhood Markets, Inc. (HOOD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.05 per share, reflecting an increase of 108.8% compared to the same period last year. Revenues are forecasted to be $534.47 million, representing a year-over-year increase of 21.2%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Robinhood Markets metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Net interest revenues' should arrive at $259.41 million. The estimate indicates a change of +24.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Transaction-based- Equities' will likely reach $31.57 million. The estimate suggests a change of +16.9% year over year.
It is projected by analysts that the 'Revenues- Transaction-based- Cryptocurrencies' will reach $62.60 million. The estimate suggests a change of +64.7% year over year.
The consensus among analysts is that 'Revenues- Transaction-based- Other' will reach $11.40 million. The estimate indicates a change of +26.7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Transaction-based revenues' of $239.30 million. The estimate indicates a change of +15.6% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Other revenues' at $32.96 million. The estimate suggests a change of +26.8% year over year.
Analysts forecast 'Revenues- Net interest revenues- Margin interest' to reach $70.40 million. The estimate suggests a change of +32.8% year over year.
According to the collective judgment of analysts, 'Revenues- Transaction-based- Options' should come in at $133.73 million. The estimate indicates a year-over-year change of +0.6%.
Analysts' assessment points toward 'Revenues- Net interest revenues- Securities lending, net' reaching $10.98 million. The estimate indicates a year-over-year change of -57.8%.
Shares of Robinhood Markets have demonstrated returns of -4.6% over the past month compared to the Zacks S&P 500 composite's -2.7% change. With a Zacks Rank #2 (Buy), HOOD is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to Robinhood Markets (HOOD) Q1 Earnings: Wall Street Forecasts for Key Metrics
In its upcoming report, Robinhood Markets, Inc. (HOOD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.05 per share, reflecting an increase of 108.8% compared to the same period last year. Revenues are forecasted to be $534.47 million, representing a year-over-year increase of 21.2%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Robinhood Markets metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Net interest revenues' should arrive at $259.41 million. The estimate indicates a change of +24.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Transaction-based- Equities' will likely reach $31.57 million. The estimate suggests a change of +16.9% year over year.
It is projected by analysts that the 'Revenues- Transaction-based- Cryptocurrencies' will reach $62.60 million. The estimate suggests a change of +64.7% year over year.
The consensus among analysts is that 'Revenues- Transaction-based- Other' will reach $11.40 million. The estimate indicates a change of +26.7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Transaction-based revenues' of $239.30 million. The estimate indicates a change of +15.6% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Other revenues' at $32.96 million. The estimate suggests a change of +26.8% year over year.
Analysts forecast 'Revenues- Net interest revenues- Margin interest' to reach $70.40 million. The estimate suggests a change of +32.8% year over year.
According to the collective judgment of analysts, 'Revenues- Transaction-based- Options' should come in at $133.73 million. The estimate indicates a year-over-year change of +0.6%.
Analysts' assessment points toward 'Revenues- Net interest revenues- Securities lending, net' reaching $10.98 million. The estimate indicates a year-over-year change of -57.8%.
View all Key Company Metrics for Robinhood Markets here>>>
Shares of Robinhood Markets have demonstrated returns of -4.6% over the past month compared to the Zacks S&P 500 composite's -2.7% change. With a Zacks Rank #2 (Buy), HOOD is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>