Financial services company Robinhood (NASDAQ: HOOD) will be reporting results this Wednesday after market close. Here’s what you need to know.
Robinhood beat analysts’ revenue expectations by 7.4% last quarter, reporting revenues of $989 million, up 45% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates. It reported 26.5 million users, up 9.5% year on year.
Is Robinhood a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Robinhood’s revenue to grow 88.2% year on year to $1.20 billion, improving from the 36.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Robinhood has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Robinhood’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Coinbase delivered year-on-year revenue growth of 55.1%, beating analysts’ expectations by 4.5%, and Carvana reported revenues up 54.5%, topping estimates by 11.1%. Coinbase traded up 4.4% following the results while Carvana was down 13.8%.
Read our full analysis of Coinbase’s results here and Carvana’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer internet stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Robinhood’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $147.85 (compared to the current share price of $145.26).
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