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Robinhood Markets, Inc. (HOOD) Laps the Stock Market: Here's Why
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Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $93.19, moving +1.04% from the previous trading session. This change outpaced the S&P 500's 0.5% gain on the day. On the other hand, the Dow registered a gain of 0.7%, and the technology-centric Nasdaq increased by 0.31%.
Prior to today's trading, shares of the company had gained 14.29% outpaced the Finance sector's gain of 1.89% and the S&P 500's loss of 0.23%.
Analysts and investors alike will be keeping a close eye on the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. In that report, analysts expect Robinhood Markets, Inc. to post earnings of $0.42 per share. This would mark no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $1.19 billion, up 20.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.83 per share and a revenue of $4.97 billion, demonstrating changes of -10.73% and +11.1%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Robinhood Markets, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 past month, the Zacks Consensus EPS estimate has shifted 0.99% upward. Robinhood Markets, Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Robinhood Markets, Inc. is currently being traded at a Forward P/E ratio of 50.43. This valuation marks a premium compared to its industry average Forward P/E of 14.
We can additionally observe that HOOD currently boasts a PEG ratio of 2.31. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.06.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 105, placing it within the top 44% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Robinhood Markets, Inc. (HOOD) Laps the Stock Market: Here's Why
Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $93.19, moving +1.04% from the previous trading session. This change outpaced the S&P 500's 0.5% gain on the day. On the other hand, the Dow registered a gain of 0.7%, and the technology-centric Nasdaq increased by 0.31%.
Prior to today's trading, shares of the company had gained 14.29% outpaced the Finance sector's gain of 1.89% and the S&P 500's loss of 0.23%.
Analysts and investors alike will be keeping a close eye on the performance of Robinhood Markets, Inc. in its upcoming earnings disclosure. In that report, analysts expect Robinhood Markets, Inc. to post earnings of $0.42 per share. This would mark no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $1.19 billion, up 20.73% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.83 per share and a revenue of $4.97 billion, demonstrating changes of -10.73% and +11.1%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Robinhood Markets, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 past month, the Zacks Consensus EPS estimate has shifted 0.99% upward. Robinhood Markets, Inc. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Robinhood Markets, Inc. is currently being traded at a Forward P/E ratio of 50.43. This valuation marks a premium compared to its industry average Forward P/E of 14.
We can additionally observe that HOOD currently boasts a PEG ratio of 2.31. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.06.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 105, placing it within the top 44% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.