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Robinhood Markets, Inc. (HOOD) Dips More Than Broader Markets: What You Should Know

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Robinhood Markets, Inc. (HOOD - Free Report) closed the most recent trading day at $13.69, moving -1.44% from the previous trading session. This move lagged the S&P 500's daily loss of 1.1%. Elsewhere, the Dow lost 0.89%, while the tech-heavy Nasdaq added 0.03%.

Prior to today's trading, shares of the company had lost 24.43% over the past month. This has lagged the Finance sector's gain of 2.59% and the S&P 500's loss of 1.81% in that time.

Investors will be hoping for strength from Robinhood Markets, Inc. as it approaches its next earnings release, which is expected to be January 27, 2022.

Investors might also notice recent changes to analyst estimates for Robinhood Markets, Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 18.88% lower. Robinhood Markets, Inc. is currently a Zacks Rank #3 (Hold).

The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 11, which puts it in the top 5% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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