Robinhood (HOOD) Stock Dropped 12% on Disappointing Q1/22 Guidance

Robinhood (NASDAQ: HOOD) shares dropped around 12% after-hours following the company’s Q4 miss. EPS came in at ($0.49), worse than the consensus estimate of ($0.45). Quarterly revenue grew 14% year-over-year to $363 million, compared to the consensus estimate of $362.1 million.

Total net revenues for the full 2021-year grew 89% to $1.82 billion, with the company adding over 10 million net funded accounts, nearly doubling the customers on the platform.

The company expects Q1/22 revenue of less than $340 million, which is significantly lower than the Street estimate of $448.2 million.

You May Also Be Interested In

• Robinhood Markets (HOOD) PT Raised to $130 at Compass Point
• ​SpaceX plans to launch new AI model with Cursor - The Information
• Helen of Troy (HELE) Tops Q1 EPS by 22c, Beats on Revenue; Offers FY Guidance