Robinhood Reports First Quarter 2023 Results
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Citi on Robinhood Markets (HOOD): 'continues to see growth in its Gold sweep balances and stock lending activity has remained healthy'
May 11, 2023 6:28 AM EDTCiti analyst Christopher Allen reiterated a Neutral rating and $10.00 price target on Robinhood Markets (NASDAQ: HOOD).
The analyst comments "HOOD reported 1Q23 EPS of ($0.57), vs our estimate of ($0.65) and consensus of ($0.62). Relative to our estimates, net revenues came in at... More
Robinhood (HOOD) Tops Q1 EPS by 5c; Revenues Beat
May 10, 2023 4:07 PM EDTRobinhood (NASDAQ: HOOD) reported Q1 EPS of ($0.57), $0.05 better than the analyst estimate of ($0.62). Revenue for the quarter came in at $441 million versus the consensus estimate of $426.76 million.
Transaction-based revenues increased 11% sequentially to $207 million.
Options increased 7% to $133 million.Cryptocurrencies decreased 1% to $38 million.Equities... More