Published on 5 Jan 2024 on Zacks via Yahoo Finance

Robinhood Markets, Inc. (HOOD) Stock Declines While Market Improves: Some Information for Investors

Robinhood Markets, Inc. (HOOD) ended the recent trading session at $11.89, demonstrating a -0.75% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.18%. Meanwhile, the Dow experienced a rise of 0.07%, and the technology-dominated Nasdaq saw an increase of 0.1%.

The company's shares have seen an increase of 4.36% over the last month, not keeping up with the Finance sector's gain of 4.37% and outstripping the S&P 500's gain of 2.75%.

The investment community will be paying close attention to the earnings performance of Robinhood Markets, Inc. in its upcoming release. The company is slated to reveal its earnings on February 13, 2024. In that report, analysts expect Robinhood Markets, Inc. to post earnings of -$0.01 per share. This would mark year-over-year growth of 94.74%. Our most recent consensus estimate is calling for quarterly revenue of $452.1 million, up 18.97% from the year-ago period.