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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 $113.33, moving -1.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.59%. Elsewhere, the Dow lost 0.6%, while the tech-heavy Nasdaq lost 0.65%.
Heading into today, shares of the company had gained 21.46% over the past month, outpacing the Finance sector's loss of 1.37% and the S&P 500's loss of 1.37%.
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 $0.52, marking a 14.75% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.38 billion, reflecting a 7.97% rise from the equivalent quarter last year.
HOOD's full-year Zacks Consensus Estimates are calling for earnings of $2.09 per share and revenue of $5.21 billion. These results would represent year-over-year changes of +1.95% and +16.5%, respectively.
Investors should also note any 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 shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.71% rise in the Zacks Consensus EPS estimate. As of now, Robinhood Markets, Inc. holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Robinhood Markets, Inc. is currently exchanging hands at a Forward P/E ratio of 55.24. This indicates a premium in contrast to its industry's Forward P/E of 14.53.
We can also see that HOOD currently has a PEG ratio of 2.38. 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 Financial - Investment Bank industry currently had an average PEG ratio of 1.06 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 36, positioning it in the top 15% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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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 $113.33, moving -1.69% from the previous trading session. This change lagged the S&P 500's daily loss of 0.59%. Elsewhere, the Dow lost 0.6%, while the tech-heavy Nasdaq lost 0.65%.
Heading into today, shares of the company had gained 21.46% over the past month, outpacing the Finance sector's loss of 1.37% and the S&P 500's loss of 1.37%.
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 $0.52, marking a 14.75% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.38 billion, reflecting a 7.97% rise from the equivalent quarter last year.
HOOD's full-year Zacks Consensus Estimates are calling for earnings of $2.09 per share and revenue of $5.21 billion. These results would represent year-over-year changes of +1.95% and +16.5%, respectively.
Investors should also note any 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 shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.71% rise in the Zacks Consensus EPS estimate. As of now, Robinhood Markets, Inc. holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Robinhood Markets, Inc. is currently exchanging hands at a Forward P/E ratio of 55.24. This indicates a premium in contrast to its industry's Forward P/E of 14.53.
We can also see that HOOD currently has a PEG ratio of 2.38. 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 Financial - Investment Bank industry currently had an average PEG ratio of 1.06 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 36, positioning it in the top 15% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.