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Robinhood Markets, Inc. (HOOD) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Robinhood Markets, Inc. (HOOD - Free Report) closed at $76.12, marking a -3.27% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.52%. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
Coming into today, shares of the company had gained 0.92% in the past month. In that same time, the Finance sector lost 5.37%, while the S&P 500 lost 2.25%.
Investors will be eagerly watching for the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.54, up 45.95% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.27 billion, reflecting a 37.21% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.31 per share and a revenue of $5.45 billion, indicating changes of +12.68% and +21.91%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Robinhood Markets, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.65% lower. Robinhood Markets, Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Robinhood Markets, Inc. has a Forward P/E ratio of 34.12 right now. This denotes a premium relative to the industry average Forward P/E of 12.95.
Also, we should mention that HOOD has a PEG ratio of 1.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.01.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Robinhood Markets, Inc. (HOOD) Dips More Than Broader Market: What You Should Know
In the latest trading session, Robinhood Markets, Inc. (HOOD - Free Report) closed at $76.12, marking a -3.27% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.52%. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
Coming into today, shares of the company had gained 0.92% in the past month. In that same time, the Finance sector lost 5.37%, while the S&P 500 lost 2.25%.
Investors will be eagerly watching for the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.54, up 45.95% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.27 billion, reflecting a 37.21% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.31 per share and a revenue of $5.45 billion, indicating changes of +12.68% and +21.91%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Robinhood Markets, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.65% lower. Robinhood Markets, Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Robinhood Markets, Inc. has a Forward P/E ratio of 34.12 right now. This denotes a premium relative to the industry average Forward P/E of 12.95.
Also, we should mention that HOOD has a PEG ratio of 1.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.01.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 28, placing it within the top 12% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.