Robinhood Markets (NASDAQ:HOOD – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Robinhood Markets to post earnings of $0.20 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Robinhood Markets (NASDAQ:HOOD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Robinhood Markets had a return on equity of 4.25% and a net margin of 12.96%. The firm had revenue of $682.00 million during the quarter, compared to analysts’ expectations of $640.39 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, analysts expect Robinhood Markets to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Robinhood Markets Stock Up 1.6 %
NASDAQ HOOD opened at $27.41 on Wednesday. The business’s fifty day simple moving average is $22.20 and its 200-day simple moving average is $20.91. Robinhood Markets has a 52 week low of $7.91 and a 52 week high of $27.60. The firm has a market cap of $24.09 billion, a PE ratio of 182.73 and a beta of 1.84.
Insider Activity at Robinhood Markets
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price target on shares of Robinhood Markets from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday. KeyCorp lifted their target price on Robinhood Markets from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Morgan Stanley upped their target price on shares of Robinhood Markets from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.97.
Check Out Our Latest Analysis on Robinhood Markets
Robinhood Markets Company Profile
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.
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