- Robinhood posts a net revenue of $618 million, beating the estimated $546.8 million for Q1.
- The net interest revenue approximates the estimated value, recording $254 million against an expected $256.2 million.
- Other revenue was slightly lower than expected at $35 million, compared to an estimate of $36.2 million.
- Earnings Per Share (EPS) stood at 18c.
- The company attained a net income of $157 million.
- Adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization) exceeded expectation with $247 million against a forecast of $169.7 million.
- Assets under the custody of the company reached $129.6 billion, outdoing the estimated $120.43 billion.
- Robinhood’s share price increased 6.4% in post-market trading to $19.00 with 151,134 shares traded.
- Market sentiment leaned towards caution with 6 buys, 10 holds, and 4 sells by investment entities.
A look at Robinhood Markets Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
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
An analysis based on the Smartkarma Smart Scores suggests a positive long-term outlook for Robinhood Markets. The company scores well in areas of Resilience and Momentum, indicating strength and growth potential. With a focus on providing brokerage and cash management applications, including a variety of investment options like stocks, exchange-traded funds, and cryptocurrency, Robinhood Markets positions itself as a player in the financial services industry. Additionally, its solid momentum score implies a promising trajectory for the company’s future growth.
While factors like Value, Dividend, and Growth scores are not as high, the overall strengths in Resilience and Momentum bode well for Robinhood Markets’ prospects. As it continues to cater to clients in the United States with its user-friendly platform, the company looks set to capitalize on its current market position and drive further success in the financial services sector.
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.
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