{"id":12536,"date":"2025-02-11T19:19:04","date_gmt":"2025-02-11T19:19:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12536"},"modified":"2025-02-11T19:19:04","modified_gmt":"2025-02-11T19:19:04","slug":"robinhoods-q4-report-could-help-preview-coinbase-results","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12536","title":{"rendered":"Robinhood’s Q4 Report Could Help Preview Coinbase Results"},"content":{"rendered":"
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Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD).<\/p>\n<\/p>\n

A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet.<\/p>\n<\/p>\n

Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of 2025.<\/p>\n<\/p>\n

Robinhood’s overall revenue in the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, according to FactSet. Earnings-per-share are expected to be $0.41 versus $0.18 the previous quarter.<\/p>\n<\/p>\n

Robinhood\u2019s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase\u2019s (COIN) trading volume, which historically has moved in correlation with HOOD.<\/p>\n<\/p>\n

According to analyst Benjamin Buddish at Barclays, the trading app saw very strong overall growth in reported crypto volumes with total volumes of roughly $69 billion through Dec. 27. This would be a five-fold increase quarter-over-quarter and a six-fold increase year-over-year, the bank noted.<\/p>\n<\/p>\n

As a result, Buddish sees Coinbase\u2019s retail volume to land north of $108 billion, even assuming a lower “beta” for those retail volumes, he said.<\/p>\n

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Coinbase, which announces fourth quarter earnings on Thursday after the close, is estimated to report one of its strongest quarter in terms of trading volume to date leading to $1.8 billion in revenue, according to FactSet estimates. Earnings-per-share are estimated at $1.99 versus $0.41.<\/p>\n<\/p>\n

Shares of COIN will likely be affected by Robinhood\u2019s earnings in anticipation of a similar positive report from the crypto exchange on Thursday. COIN is up 90% over the past year, currently trading at $269.88. HOOD, on the other hand, is up 370% over the same period, trading at $54.33 at press time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD). A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12536","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12536"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12536\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}