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

• Robinhood Markets Inc HOOD.OQ reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 29 cents to 44 cents per share.

• Revenue rose 50% to $927.00 million from a year ago; analysts expected $922.53 million.

• Robinhood Markets Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $336 million.

• Robinhood Markets Inc shares had risen by 18.6% this quarter and gained 32.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.8% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 7 "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 $56.50

This summary was machine generated from LSEG data April 30 at 09:01 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)