Trading Strategies For Robinhood Stock Heading Into Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Robinhood Markets, Inc (NASDAQ:HOOD) is set to release its Q2 earnings after the markets close on Wednesday. In Q1, Robinhood reported a loss of 57 cents per share, beating the consensus estimate of a loss of 61 cents per share. For Q2, analysts estimate a loss of 2 cents per share on revenues of $475.02 million. The stock's performance will depend on whether Robinhood was able to continue attracting active users and adding funded accounts.
August 04, 2023 | 11:59 am
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Robinhood's Q2 earnings release could impact the stock's performance. The company beat estimates in Q1, and analysts predict a smaller loss for Q2. The stock's performance will also depend on user growth.
The release of Robinhood's Q2 earnings could cause volatility in the stock's price. The company beat estimates in Q1, and if it can do the same in Q2, the stock could see a positive reaction. However, if the company fails to meet estimates or show user growth, the stock could suffer.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100