What's Going On With Robinhood Markets Stock Wednesday?
Portfolio Pulse from Adam Eckert
Robinhood Markets Inc (NASDAQ:HOOD) shares are in focus ahead of their Q2 earnings report. Analysts expect earnings of 15 cents per share and revenue of $643.336 million. Last quarter, Robinhood beat estimates with earnings of 18 cents per share and a 40% YoY revenue increase to $618 million. The company saw significant growth in Gold subscribers and net deposits. Several analysts have recently adjusted their ratings and price targets for Robinhood.
August 07, 2024 | 7:55 pm
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Robinhood Markets Inc (NASDAQ:HOOD) is set to report Q2 earnings with analysts expecting 15 cents per share and $643.336 million in revenue. The company previously beat estimates with 18 cents per share and a 40% YoY revenue increase. Analyst ratings and price targets have been adjusted ahead of the report.
Robinhood's upcoming earnings report is highly anticipated, with analysts expecting strong results. The company's previous performance and recent analyst upgrades suggest positive sentiment. This could lead to a short-term price increase if the earnings meet or exceed expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100