Robinhood Q2 Preview: Will Crypto Surge Lift Results, Shares?
Trading platform company Robinhood Markets Inc (NASDAQ:HOOD) could highlight the growth of customers and cryptocurrency trading volume when the company reports second-quarter financial results after market close Wednesday.
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Here are the earnings estimates and key items to watch.
Earnings Estimates: Analysts expect Robinhood to report second-quarter revenue of $899 million, up from $682 million in last year’s second quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in two straight quarters and seven of the last 10 quarters overall.
Analysts expect Robinhood to report second-quarter earnings per share of 30 cents, up from 21 cents per share in last year’s second quarter.
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Key Items to Watch: Analysts …
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