Robinhood Q3 Earnings Preview: Will Bulls Tout Turnaround On Heels Of X1 Deal?
Portfolio Pulse from Surbhi Jain
Robinhood Markets Inc (NASDAQ:HOOD) is set to report its Q3 earnings on Nov. 7. Analysts expect a negative 10 cents in EPS and $478.41 million in revenue. The company has seen some rebound in sales and income, and a decline in operating expenses. The X1 acquisition could potentially disrupt the business. Analysts have recently lowered price targets for HOOD stock. The stock was trading at $9.59 a share at market close on Nov. 6.
November 07, 2023 | 3:25 pm
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NEUTRAL IMPACT
Robinhood is set to report its Q3 earnings. The company has seen some rebound in sales and income, and a decline in operating expenses. The X1 acquisition could potentially disrupt the business. Analysts have recently lowered price targets for the stock.
The upcoming earnings report and the potential impact of the X1 acquisition could influence the stock's performance. However, the recent lowering of price targets by analysts suggests a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Interactive Brokers now offers the same zero-commission moat that Robinhood offers.
Interactive Brokers offering the same zero-commission trading as Robinhood could potentially impact its competitive position. However, the direct impact on the stock is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50