Robinhood Q2 Earnings: Will The Brokerage's Performance Signal A Market Top?
Portfolio Pulse from AJ Fabino
Robinhood Markets Inc (NASDAQ:HOOD) is set to release its Q2 earnings after the closing bell on Wednesday. The company is expected to report a loss of 2 cents per share on revenues of $475.02 million, a 49.38% YoY increase but a 9.6% decline from the previous quarter. The Federal Reserve's interest rate hike is predicted to have boosted the company's net interest income (NII), with estimates standing at $230 million. Transaction-based revenues are estimated to reach $187.1 million.
August 04, 2023 | 11:55 am
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Robinhood is expected to report a Q2 loss of 2 cents per share on revenues of $475.02 million. The Federal Reserve's interest rate hike is predicted to have boosted the company's NII.
The expected loss for Robinhood in Q2 could negatively impact the company's stock price. However, the predicted boost in NII due to the Federal Reserve's interest rate hike could offset some of this impact.
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