Robinhood Markets Inc. (NASDAQ:HOOD) will release earnings for the first quarter after the closing bell on Tuesday. Here’s a quick rundown of what investors should watch in the stock and the business.
Revenue, Earnings Estimates
Analysts estimate the commission-free brokerage platform to announce earnings per share of $0.39, up 5.4% from the same quarter last year.
Robinhood is also expected to report quarterly revenue of $1.14 billion, up sharply from $927 million in the year-ago quarter, but down about 11% from the previous quarter.
Analysts Slash Price Targets
The HOOD stock has a consensus price target of $109.70 based on the ratings of 27 analysts, with the highest forecast of $170 set by JMP Securities in October. JPMorgan and KeyBanc’s latest ratings from earlier this month, however, sharply lowered price targets.
data-variant=”card”
data-news-mode=”manual”
…