Robinhood Markets Inc reports results for the quarter ended December 31 - Earnings Summary

• Robinhood Markets Inc HOOD.OQ reported quarterly adjusted earnings of $1.01​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of twelve analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 36 cents to 53 cents per share.

• Revenue rose 115.3% to $1.01 billion from a year ago; analysts expected $944.62 million.

• Robinhood Markets Inc's reported EPS for the quarter was $1.01​.

• The company reported quarterly net income of $916 million.

• Robinhood Markets Inc shares had risen by 43.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 149.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Robinhood Markets Inc is $54.00

This summary was machine generated from LSEG data February 12 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)