Robinhood Q1 Earnings - Is It A Trap?
Posted: May 08, 2024
- Bullish on Robinhood's Q1 earnings - Focus on profitability and growth - Strong product velocity, including Gold credit card and Retirement Products - International expansion into UK and EU for user growth - Positive metrics in January and February 2024 - Concerns about potential for stock price to drop if Q2 guidance not promising - Robinhood posted positive GAAP Net Income in two out of last three quarters - Growth in profitability shows company turning around - International expansion to UK and EU may offset potential losses in Q2 - Q4 2023 had $30M in net income, company projected $1.9B in operating expenses for 2024 - Company valued at $15B with 64 forward P/E ratio - Concern about potential decline in Monthly Users and Trading Volume in Q2 - OP is long 2000 shares of $HOOD at $17.82
Summarized top reddit comments: - Robinhood Q1 earnings could be a trap, based on past trends and potential SEC investigation - Robinhood needs to improve customer support and offer more products to compete with other brokerages - There is a Wells Notice SEC investigation for Robinhood - IV is high, could lead to losses for many traders - Stock price currently at $18.90 - Different opinions on whether Robinhood will crash post-earnings or not
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