Robinhood Markets (HOOD) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Robinhood Markets, Inc. (HOOD) reported revenue of $637 million, up 36.4% over the same period last year. EPS came in at $0.17, compared to -$0.09 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $661.21 million, representing a surprise of -3.66%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $0.18.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Robinhood Markets performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Revenues- Transaction-based revenues: $319 million versus $324.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +72.4% change.
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Revenues- Other revenues: $44 million versus $41.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +41.9% change.
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Revenues- Net interest revenues: $274 million versus the three-analyst average estimate of $291.65 million. The reported number represents a year-over-year change of +9.2%.
View all Key Company Metrics for Robinhood Markets here>>>
Shares of Robinhood Markets have returned +25.5% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report