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BUZZ-PREVIEW: Robinhood shares rise; results due after the bell

ReutersFeb 12, 2025 7:25 PM

Shares of Robinhood Markets HOOD.O are up more than 4% in afternoon trading Wed, with the financial services co expected to report a jump in qtrly rev in results due after the closing bell

Analysts expect co to report rev of $944.62 mln vs $471 mln in the yr-ago period, and they expect earnings of 44c/shr vs 3c a yr ago, according to LSEG

The co has beaten analysts' expectations on earnings in seven of the past eight reporting periods, per LSEG

Analyst recommendations on the stock include 12 "strong buy" or "buy" ratings, six "hold" ratings and no "sell" or "strong sell" ratings

The median 12-mo price target is $54.00​; the stock was last at $55.90

Including the session move, HOOD is up about 50% YTD compared with a roughly 2% gain in the Nasdaq .IXIC

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