How are energy investors positioned?
Investing.com - Citizens JMP raised its price target on Robinhood Markets (NASDAQ:HOOD) to $130.00 from $125.00 on Thursday, while maintaining a Market Outperform rating following the company’s strong second-quarter earnings report. According to InvestingPro data, the stock has delivered an impressive 415% return over the past year, with 4 analysts recently revising their earnings estimates upward.
Robinhood reported second-quarter earnings per share of $0.42, significantly exceeding both the analyst’s estimate of $0.28 and the consensus forecast of $0.31. The company posted adjusted EBITDA of $549 million, representing an 82% year-over-year increase and 26% above Citizens JMP’s estimate. The company’s strong performance is reflected in its "GREAT" Financial Health score on InvestingPro, though current valuations suggest the stock may be trading above its Fair Value.
Revenue for the quarter reached $989 million, up 45% year-over-year and $89 million above the analyst’s projection. The outperformance was driven by a $62 million beat in net interest income, boosted by strong securities lending, and a $38 million beat in transaction revenue.
Operating expenses increased 14% year-over-year but came in 4% below expectations. The company’s tax rate of 12.7% was more favorable than the 23% estimate, creating a $0.05 EPS benefit related to stock-based compensation tax benefits.
Assets under custody grew to $279 billion, representing a 26% sequential increase and 99% year-over-year growth, including net deposits of $13.8 billion for the quarter. Citizens JMP noted that management reported July is off to a strong start with deposits reaccelerating to approximately $6 billion, a 26% annualized rate.
In other recent news, Robinhood Markets, Inc. reported robust financial results for the second quarter of 2025, outperforming analysts’ projections. The company achieved an earnings per share of $0.42, which was a 40% increase over the forecasted $0.30. Robinhood’s revenue reached $989 million, surpassing the anticipated $908.32 million by 8.88%. These results highlight the company’s strong performance during this period. Additionally, the earnings announcement was followed by a rise in Robinhood’s stock during trading hours. These developments reflect the company’s ability to exceed market expectations in its financial results. The positive earnings report stands out as a significant recent highlight for the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.