Earnings Alerts

Robinhood Markets (HOOD) Earnings: 2Q Net Revenue Surpasses Estimates at $682 Million

  • Robinhood’s net revenue for the second quarter was $682 million, exceeding the estimate of $641.5 million.
  • Net interest revenue came in at $285 million, beating the estimate of $275.8 million.
  • Other revenue totaled $70 million, surpassing the estimated $67.2 million.
  • Adjusted EBITDA was $301 million, well above the estimate of $262.5 million.
  • EPS was reported at 21 cents.
  • Monthly active users totaled 11.8 million, missing the estimate of 13.2 million.
  • Shares rose 4.8% in post-market trading to $17.95, with 50,495 shares traded.
  • Stock analyst ratings include 8 buys, 9 holds, and 2 sells.

A look at Robinhood Markets Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Robinhood Markets, Inc., the financial services platform known for its user-friendly brokerage and cash management applications, has garnered a solid long-term outlook based on its Smartkarma Smart Scores. With a strong emphasis on Growth and Resilience, scoring 4 out of 5 in both categories, Robinhood Markets is positioned to expand and withstand market challenges. Additionally, its Value score indicates a good balance between price and intrinsic value, while its Momentum score suggests a steady performance trajectory. However, the company scores low in the Dividend category, reflecting its focus on reinvesting profits for future growth rather than distributing them to shareholders.

Overall, the Smartkarma Smart Scores point towards a favorable outlook for Robinhood Markets in the long run, highlighting its growth potential and ability to adapt to changing market conditions. With a combination of solid growth prospects, financial strength, and momentum, the company is well-positioned to capitalize on opportunities in the financial services sector and continue to attract clients in the United States seeking innovative investment solutions.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars