Robinhood Markets, Inc. HOOD is reporting its Q2 earnings tomorrow morning. Analysts are looking for 15 cents per share.
Robinhood Markets Inc (NASDAQ:HOOD) stock was last seen up 4.4% to trade at $17.15, as Wall Street rebounds from a steep selloff and Bitcoin (BTC) edges higher.
Wall Street expects Robinhood's revenue to hit record highs in the second quarter as retail investors flock to its commission-free app to trade so-called 'meme stocks' and cryptocurrencies.
The brokerage firm said that Blue Ocean ATS, the third-party company that it works with for round-the-clock trading, has suspended its overnight market.
Robinhood Markets HOOD, slated to announce second-quarter 2024 results on Aug 7, tanked 15.7% in the past week.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Besides Wall Street's top -and-bottom-line estimates for Robinhood Markets (HOOD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
In the most recent trading session, Robinhood Markets, Inc. (HOOD) closed at $20.57, indicating a +0.83% shift from the previous trading day.
Robinhood Markets (HOOD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rebound in IB business on the back of clarity on the macroeconomic backdrop will support the Zacks Investment Bank industry players like Interactive Brokers (IBKR) and Robinhood (HOOD). On the other hand, volatile trading performance is a woe.
Zacks.com users have recently been watching Robinhood Markets (HOOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Robinhood (HOOD) stock has surged 66% this year. Here, let's try to analyze whether it is prudent to buy the stock at the current levels or wait for the dip in the price.