About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Robinhood Reports Second Quarter 2024 Results Record Revenues of $682 million, up 40% year-over-year Record GAAP Diluted EPS of $0.21, up $0.18 year-over-year Record Net Deposits of $13.2 billion, an annualized growth rate of 41% MENLO PARK, Calif. – August 7, 2024 – Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today announced financial results for the second quarter of 2024, which ended June 30, 2024. "This quarter, we kept up the pace with rapid product launches and a relentless drive to provide t ...

Robinhood Markets, Inc. HOOD is set to release earnings results for its second quarter, before the opening bell on Aug. 7, 2024. Analysts expect the Menlo Park, California-based company to report quarterly earnings at 15 cents per share, up from 3 cents per share in the year-ago period. Robinhood is projected to report quarterly revenue of $643.34 million, according to data from Benzinga Pro. On Monday, Robinhood announced the suspension of its 24-hour trading service due to a problem at its thirdparty exec ...

Robinhood Markets, Inc. HOOD is reporting its Q2 earnings tomorrow morning. Analysts are looking for 15 cents per share. The shares appear to be breaking out ahead of this. This is why our team of trading experts has made it our Stock of the Day. When a stock is moving higher there isn't enough supply (sell orders) to fill all of the demand (buy orders). As a result, buyers are forced to pay premiums and this forces the shares into an uptrend. But if the stock reaches a resistance level the rally may revers ...

Group 1 - Robinhood Markets Inc (NASDAQ:HOOD) stock increased by 4.4% to $17.15 as Wall Street recovers from a selloff and Bitcoin rises [1] - The company is expected to report strong second-quarter earnings due to crypto trading and the resurgence of meme stocks [1] - Year-to-date, HOOD has a 33.2% gain and is rebounding from a pullback to its 200-day moving average, which provided support earlier in the year [2] Group 2 - The stock has experienced five declines in the past eight post-earnings sessions, including a 3.1% drop in May, but had a notable 13% increase after the February report [3] - Historically, shares have averaged a 7.3% price swing post-earnings, but current options pricing indicates a larger expected move of 18.8% [3] - Short-term options traders are showing bearish sentiment towards Robinhood, as indicated by a high put/call open interest ratio [3]

Wall Street analysts expect Robinhood Markets, Inc. (HOOD) to post quarterly earnings of $0.15 per share in its upcoming report, which indicates a year-over-year increase of 400%. Revenues are expected to be $629.75 million, up 29.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 12.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior t ...

Yet, normalized/volatile client activity in the trading business is expected to hurt trading revenues in the near term. While costs related to technological upgrades might impede bottom-line growth, industry players will eventually witness improved operating efficiency. These factors will keep aiding investment banks like Interactive Brokers Group, Inc. (IBKR) and Robinhood Markets, Inc. (HOOD) . The Zacks Investment Bank industry consists of firms that provide financial products and services that include a ...

Core Insights - Robinhood Markets, Inc. (HOOD) has experienced a significant stock increase of 66.3% this year, outperforming the industry and broader market indices [1][26]. Revenue Composition - In 2021, transaction-based revenues constituted nearly 75% of total revenues, which has decreased to 42% in 2023, indicating a shift towards a more diversified revenue model [3][29]. Strategic Initiatives - The company plans to launch CME-based futures for Bitcoin and Ether in the U.S. to capitalize on the rising demand for futures following the approval of U.S. Bitcoin ETFs [4]. - Robinhood announced plans to acquire Bitstamp, a global cryptocurrency exchange, for approximately $200 million, further diversifying its product offerings beyond traditional transaction-related revenues [10]. - The acquisition of Pluto Capital Inc., an AI-powered investment research platform, aims to enhance Robinhood's offerings with intelligent, data-driven investing tools [28]. Shareholder Value - Robinhood's CFO announced a $1 billion share repurchase program to return value to shareholders, reflecting the company's growing cash flow and commitment to shareholder returns [5][18]. Market Positioning - The stock is currently trading at 2.85X 12-month trailing Price/Tangible Book (P/TB), below its two-year median of 3.31X, suggesting that the company's valuation is attractive compared to its historical range and industry average [14][32]. - Analysts have shown positive sentiment towards Robinhood's prospects, with upward revisions in earnings estimates for 2024 and 2025 [6][13]. Global Expansion - Robinhood is expanding its global footprint by venturing into Europe and Asia Pacific regions, both organically and through acquisitions, positioning itself as a comprehensive financial services provider [15][35]. Regulatory Environment - The company faces ongoing regulatory challenges, including a Wells notice from the SEC regarding the tokens traded on its platform, which reflects the complex regulatory landscape for crypto firms [23][36].

The price of Bitcoin is currently hovering around $66,000 and is on track to surpass $70,000. A number of factors are responsible for Bitcoin's rebound in the past few days. Trump is in favor of the cryptocurrency industry and has accepted donations in Bitcoins for his presidential campaigns. Besides, in June, Federal Reserve Chairman Jerome Powell revealed that the central bank now aims to lower interest rates just once this year, instead of the three cuts that were initially anticipated. The price of Bitc ...

The company's shares have seen an increase of 12.67% over the last month, surpassing the Finance sector's loss of 0.08% and the S&P 500's gain of 4.43%. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.73% increase. Right now, Robinhood Markets, Inc. possesses a Zacks Rank of #2 (B ...