Robinhood Shares Slip 2% as Q1 EPS Outlook Rises 48% and New $695 Platinum Card Debuts
Robinhood’s shares fell 2.01% to $80.56, underperforming major indexes, as analysts forecast Q1 EPS of $0.55 (+48.6% YoY) on $1.29B revenue (+39%). The firm also unveiled a $695 annual-fee Platinum Card offering Amazon One Medical membership and an Oura Ring subscription to high-end customers.
1. Shares Decline 2.01% Underperform Market
Shares ended at $80.56, down 2.01% from the prior close, lagging the S&P 500’s 0.57% loss, the Dow’s 1.61% drop and the Nasdaq’s 0.26% decline.
2. Analysts Forecast Strong Q1 Growth
Analysts project first-quarter EPS of $0.55 (up 48.65% year-over-year) on $1.29 billion in revenue (up 38.97%), with full-year estimates at $2.36 per share and $5.5 billion in revenue.
3. Elevated Valuation Ratios
Robinhood’s forward P/E ratio stands at 34.78, a premium to the industry average of 13.43, and its PEG ratio of 1.66 exceeds the industry average of 1.06.
4. Introduction of $695 Annual-Fee Platinum Card
The new premium credit card carries a $695 annual fee and includes perks like an Amazon One Medical membership and an Oura Ring subscription targeted at high-end customers.