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Unlocking Q3 Potential of Robinhood Markets (HOOD): Exploring Wall Street Estimates for Key Metrics

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The upcoming report from Robinhood Markets, Inc. (HOOD - Free Report) is expected to reveal quarterly earnings of $0.18 per share, indicating an increase of 300% compared to the year-ago period. Analysts forecast revenues of $661.21 million, representing an increase of 41.6% year over year.

The consensus EPS estimate for the quarter has undergone a downward revision of 5.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link 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.

With that in mind, let's delve into the average projections of some Robinhood Markets metrics that are commonly tracked and projected by analysts on Wall Street.

Analysts expect 'Revenues- Transaction-based- Options' to come in at $190.46 million. The estimate points to a change of +53.6% from the year-ago quarter.

The combined assessment of analysts suggests that 'Revenues- Transaction-based- Equities' will likely reach $44.48 million. The estimate points to a change of +64.7% from the year-ago quarter.

Analysts' assessment points toward 'Revenues- Transaction-based- Cryptocurrencies' reaching $69.12 million. The estimate points to a change of +200.5% from the year-ago quarter.

Analysts predict that the 'Revenues- Transaction-based- Other' will reach $25.20 million. The estimate suggests a change of +129.1% year over year.

Analysts forecast 'Revenues- Transaction-based revenues' to reach $324.26 million. The estimate indicates a change of +75.3% from the prior-year quarter.

The consensus among analysts is that 'Revenues- Other revenues' will reach $41.33 million. The estimate points to a change of +33.3% from the year-ago quarter.

It is projected by analysts that the 'Revenues- Net interest revenues- Margin interest' will reach $84.54 million. The estimate suggests a change of +26.2% year over year.

The average prediction of analysts places 'Revenues- Net interest revenues- Securities lending, net' at $31.17 million. The estimate points to a change of +83.3% from the year-ago quarter.

According to the collective judgment of analysts, 'Revenues- Net interest revenues' should come in at $291.65 million. The estimate indicates a change of +16.2% from the prior-year quarter.

Based on the collective assessment of analysts, 'Assets Under Custody - Total' should arrive at $152.66 billion. The estimate compares to the year-ago value of $86.5 billion.

The collective assessment of analysts points to an estimated 'Funded Customers' of $24.56 million. Compared to the current estimate, the company reported $23.30 million in the same quarter of the previous year.

The consensus estimate for 'Monthly Active Users (MAU)' stands at $12.38 million. Compared to the current estimate, the company reported $10.30 million in the same quarter of the previous year.

View all Key Company Metrics for Robinhood Markets here>>>

Over the past month, Robinhood Markets shares have recorded returns of +21.4% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), HOOD will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


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