Robinhood (HOOD) Q1 Revenue Tops Consensus
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Robinhood Markets (HOOD) PT Raised to $16 at JPMorgan
May 9, 2024 12:01 PM EDTJPMorgan analyst Kenneth B. Worthington raised the price target on Robinhood Markets (NASDAQ: HOOD) to $16.00 (from $12.00) while maintaining a Underweight rating.
The analyst comments "Robinhood reported 1Q24 adj EPS of $0.18 vs. street expectations of $0.06. Adj. EBITDA came in at $247mn, well ahead... More
'As good as gold': Robinhood (HOOD) shares rise as Q1 top and bottom lines beat estimates
May 8, 2024 4:17 PM EDT(Updated - May 9, 2024 4:43 AM EDT)
Robinhood (NASDAQ: HOOD) shares rose more than 4% in premarket trading Thursday after the companys Q1 earnings and revenue topped analyst expectations.
The trading platform operator posted earnings per share (EPS) of $0.18 in Q1, surpassing consensus estimates of $0.05. Revenue came in at $618, exceeding the consensus projection of $543.14 million.
Average Revenue Per User (ARPU) grew 35% year-over-year to $104. Adjusted EBITDA (non-GAAP) rose 115%... More
