Robinhood’s Stock Price (HOOD) Finds Support Leading Into Earnings – What To Expect
Robinhood’s stock price (NASDAQ: HOOD) is on the move today, up 2.9%, as the $100 level continues to provide support leading into earnings. The company is set to report its second-quarter results after today’s closing bell, with the company’s stock one of the leading momentum names over the past year.
With HOOD gaining 170% since the turn of the year, and 420% over the past 12 months, the stock has built a strong following of bulls.
Analysts are projecting an earnings per share (EPS) of $0.35, a steady jump of close to 20% from the $0.30 reported in the same quarter last year, yet a slowing from the $0.44 in the most recent period. Robinhood has a history of exceeding expectations, having surpassed EPS estimates in each of the last…
