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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 at $112.55 in the latest trading session, marking a -3.16% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
The company's stock has climbed by 12.28% in the past month, exceeding the Finance sector's loss of 4.43% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Robinhood Markets, Inc. will be of great interest to investors. On that day, Robinhood Markets, Inc. is projected to report earnings of $0.53 per share, which would represent a year-over-year decline of 13.11%. Alongside, our most recent consensus estimate is anticipating revenue of $1.38 billion, indicating a 8.15% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.15 per share and revenue of $5.23 billion, indicating changes of +4.88% and +16.96%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Robinhood Markets, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 past month, there's been a 4.33% rise in the Zacks Consensus EPS estimate. As of now, Robinhood Markets, Inc. holds a Zacks Rank of #1 (Strong Buy).
Investors should also note Robinhood Markets, Inc.'s current valuation metrics, including its Forward P/E ratio of 54.02. Its industry sports an average Forward P/E of 13.11, so one might conclude that Robinhood Markets, Inc. is trading at a premium comparatively.
We can also see that HOOD currently has a PEG ratio of 2.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Bank was holding an average PEG ratio of 0.92 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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 at $112.55 in the latest trading session, marking a -3.16% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
The company's stock has climbed by 12.28% in the past month, exceeding the Finance sector's loss of 4.43% and the S&P 500's loss of 0.42%.
The upcoming earnings release of Robinhood Markets, Inc. will be of great interest to investors. On that day, Robinhood Markets, Inc. is projected to report earnings of $0.53 per share, which would represent a year-over-year decline of 13.11%. Alongside, our most recent consensus estimate is anticipating revenue of $1.38 billion, indicating a 8.15% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.15 per share and revenue of $5.23 billion, indicating changes of +4.88% and +16.96%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Robinhood Markets, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 past month, there's been a 4.33% rise in the Zacks Consensus EPS estimate. As of now, Robinhood Markets, Inc. holds a Zacks Rank of #1 (Strong Buy).
Investors should also note Robinhood Markets, Inc.'s current valuation metrics, including its Forward P/E ratio of 54.02. Its industry sports an average Forward P/E of 13.11, so one might conclude that Robinhood Markets, Inc. is trading at a premium comparatively.
We can also see that HOOD currently has a PEG ratio of 2.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Bank was holding an average PEG ratio of 0.92 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.