Robinhood Eyes Q4 EPS of $0.63, Analysts Hold $130 Price Target
Robinhood Markets is expected to report fourth-quarter earnings per share of $0.63 on revenue of $1.34 billion, extending its streak of four consecutive quarters beating estimates. Analysts at Cantor Fitzgerald and KeyBanc maintain Overweight ratings with $130 price targets as shares have climbed nearly 6%.
1. Q4 Earnings Outlook
Robinhood is forecast to report fourth-quarter earnings per share of $0.63 and revenue of $1.34 billion, extending its streak of four consecutive quarters beating consensus estimates.
2. Recent Performance Trends
In the third quarter, the platform delivered $0.61 EPS versus a $0.53 consensus and revenue of $1.27 billion above $1.19 billion projections, driven by rapid growth in prediction markets and initial rollout of banking services.
3. Analyst Ratings and Price Targets
Cantor Fitzgerald and KeyBanc analysts have reiterated Overweight ratings on Robinhood, each assigning a $130 price target, contributing to an average Buy consensus at $122.81.
4. Share Price and Key Metrics
Robinhood shares have surged nearly 6% to about $87.68 ahead of earnings, with investors monitoring daily active users, average revenue per user and cryptocurrency trading volumes as key drivers.