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Robinhood Markets, Inc. (HOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
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Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $65.16, moving -1.3% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.73%.
Heading into today, shares of the company had lost 12.96% over the past month, lagging the Finance sector's loss of 8.12% and the S&P 500's loss of 7.34%.
Analysts and investors alike will be keeping a close eye on the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.54, indicating a 45.95% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.27 billion, showing a 37.21% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.31 per share and a revenue of $5.44 billion, signifying shifts of +12.68% and +21.69%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Robinhood Markets, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.54% decrease. Currently, Robinhood Markets, Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Robinhood Markets, Inc. is currently exchanging hands at a Forward P/E ratio of 28.62. This valuation marks a premium compared to its industry average Forward P/E of 12.69.
We can additionally observe that HOOD currently boasts a PEG ratio of 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 0.97.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 52, putting it in the top 22% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Robinhood Markets, Inc. (HOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $65.16, moving -1.3% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.73%.
Heading into today, shares of the company had lost 12.96% over the past month, lagging the Finance sector's loss of 8.12% and the S&P 500's loss of 7.34%.
Analysts and investors alike will be keeping a close eye on the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.54, indicating a 45.95% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.27 billion, showing a 37.21% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.31 per share and a revenue of $5.44 billion, signifying shifts of +12.68% and +21.69%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Robinhood Markets, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.54% decrease. Currently, Robinhood Markets, Inc. is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Robinhood Markets, Inc. is currently exchanging hands at a Forward P/E ratio of 28.62. This valuation marks a premium compared to its industry average Forward P/E of 12.69.
We can additionally observe that HOOD currently boasts a PEG ratio of 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Financial - Investment Bank industry held an average PEG ratio of 0.97.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 52, putting it in the top 22% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.