We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Robinhood Markets, Inc. (HOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
In the latest close session, Robinhood Markets, Inc. (HOOD - Free Report) was down 6.63% at $82.47. The stock fell short of the S&P 500, which registered a loss of 2.65% for the day. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 4.18%.
The company's stock has climbed by 15.8% in the past month, exceeding the Finance sector's gain of 2.8% and the S&P 500's gain of 5.47%.
The investment community will be paying close attention to the earnings performance of Robinhood Markets, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.41, marking a 2.38% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.19 billion, reflecting a 19.94% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.85 per share and revenue of $4.94 billion. These totals would mark changes of -9.76% and +10.47%, respectively, from 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.15% higher. At present, Robinhood Markets, Inc. boasts a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Robinhood Markets, Inc. is holding a Forward P/E ratio of 47.75. This represents a premium compared to its industry average Forward P/E of 13.31.
It is also worth noting that HOOD currently has a PEG ratio of 2.64. 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. The average PEG ratio for the Financial - Investment Bank industry stood at 0.96 at the close of the market yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 101, putting it in the top 42% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Robinhood Markets, Inc. (HOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Robinhood Markets, Inc. (HOOD - Free Report) was down 6.63% at $82.47. The stock fell short of the S&P 500, which registered a loss of 2.65% for the day. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 4.18%.
The company's stock has climbed by 15.8% in the past month, exceeding the Finance sector's gain of 2.8% and the S&P 500's gain of 5.47%.
The investment community will be paying close attention to the earnings performance of Robinhood Markets, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.41, marking a 2.38% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.19 billion, reflecting a 19.94% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.85 per share and revenue of $4.94 billion. These totals would mark changes of -9.76% and +10.47%, respectively, from 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.15% higher. At present, Robinhood Markets, Inc. boasts a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Robinhood Markets, Inc. is holding a Forward P/E ratio of 47.75. This represents a premium compared to its industry average Forward P/E of 13.31.
It is also worth noting that HOOD currently has a PEG ratio of 2.64. 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. The average PEG ratio for the Financial - Investment Bank industry stood at 0.96 at the close of the market yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 101, putting it in the top 42% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.