Robinhood's Q4 Report Could Help Preview Coinbase Results

2025-2-12 21:17

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, according to FactSet.

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.

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.

Robinhood’s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase’s (COIN) trading volume, which historically has moved in correlation with HOOD.

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.

As a result, Buddish sees Coinbase’s retail volume to land north of $108 billion, even assuming a lower "beta" for those retail volumes, he said.

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.

Shares of COIN will likely be affected by Robinhood’s 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.

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 19.117m EMD / 32m EMD

million robinhood 345 soared previous quarter crypto

Источник: coindesk.com

million robinhood → Результатов: 126


Robinhood Reveals Security Breach that Left 7 Million Customers Data Exposed

Online brokerage app Robinhood has revealed a security breach after hackers obtained the personal information of millions of its customers. About 7 million Customers Affected by the Hack Robinhood disclosed in a statement on November 8 that the email addresses of about 5 million of its users have been exposed, while another group estimated to […] The post Robinhood Reveals Security Breach that Left 7 Million Customers Data Exposed first appeared on BitcoinExchangeGuide.

2021-11-9 21:17


Robinhood: Business & Financial Condition ‘Could Be Adversely Affected’ if Demand for DOGE Declines

34% of free-trading app’s revenue came just from DOGE, revealed Robinhood, whose crypto under custody soared by 23x in Q1 as 9.5 million customers traded $88 billion worth cryptocurrencies. The post Robinhood: Business & Financial Condition ‘Could Be Adversely Affected’ if Demand for DOGE Declines first appeared on BitcoinExchangeGuide.

2021-7-2 17:35


Аудитория криптоплатформы Robinhood за январь-февраль выросла на 6 млн

Число пользователей мобильного приложения Robinhood для торговли криптовалютами за первые два месяца этого года увеличилось на 6 млн. First-time buyer? Long-term #HODLer? 🚀 This year, six million of you used Robinhood Crypto for the first time to buy and sell #crypto.

2021-2-26 11:33


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru