Hood Adjacent (HOOD Earnings)
After the close, Robinhood Markets (HOOD) is scheduled to report 1Q22 results with a conference call following at 5:00 p.m. ET.
For the quarter, analysts are expected HOOD to report EPS and revenue of $(0.36) and $357.2 mln.
Expectations are very low heading into the report and shares are trading near all-time lows. HOOD has missed EPS in each quarter since going public last July. Revenue growth has also slowed substantially from 132% in 2Q21 to 14% in 4Q21. This is a death spiral combo.
Not shockingly, HOOD announced recently that its eliminating 9% of its full-time employees, which doesn't inspire much confidence ahead of tonight's report either.
KEY METRICS:
Net Cumulative Funded Accounts
Monthly Active Users (MAU),
Average Revenue Per User (ARPU)
IN Q4:
Net Cumulative Accounts increased by 81% to 22.7 mln
MAUs were up 48% yr/yr to 17.3 mln
MAUs were down sequentially for the second quarter in a row, dropping by nearly 19% from Q2
ARPU slid by 39% to $64 on an annualized basis
TECHS:
Yet another weak showing is expected tonight, but a "better than feared" report should fire up a rebound rally.
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