Robinhood (HOOD) shares have been on a bit of a rollercoaster lately, and investors are now looking to the company’s upcoming earnings report for the next big move. The stock climbed more than 2% on Monday, extending a rebound that began late last week when it surged over 13% alongside a broader recovery in U.S. equities and the crypto market.
Even with that bounce, Robinhood’s stock is still well below its recent peak. Shares are down around 46% from their all-time high, meaning the stock remains in what many traders would call a technical bear market. HOOD recently traded near $84, up from a year-to-date low of $72, but the question remains: can earnings on Feb. 10 provide a stronger push higher?
All Eyes on Q4 Results
Robinhood is set to release its fourth-quarter earnings on Tuesday, and expectations are running fairly high. According to estimates compiled by Yahoo Finance, analysts believe the company’s revenue grew by about 32% in Q4, reaching roughly $1.34 billion. Growth has been fueled by strong activity in options trading and the company’s acquisition of crypto exchange Bitstamp.
If those estimates hold, Robinhood’s full-year revenue would come in at around $4.53 billion, marking a 53% jump from 2024. Earnings per share for the year are expected to reach $2.04, up sharply from $1.56 in the prior year.
Behind these numbers is a business that has continued to expand, even as competition in the retail trading space heats up. Rivals like Webull and SoFi have been fighting for market share, but Robinhood has still managed to grow its user base. The company recently reported funded customers rising to more than 26.8 million, up from 24.3 million in Q3 2024. Robinhood Gold subscribers climbed to 3.88 million, and total platform assets jumped to $333 billion.
Robinhood has also been pushing into new areas. Its presence in options, stocks, and crypto trading has helped support growth, while ongoing product innovation has led to the launch of tokenized assets in European markets. The firm has even entered the fast-growing predictions market, which now handles billions of dollars in volume each week.
Volatility Is Nothing New
HOOD stock is known for making sharp moves around earnings. In November, shares dropped from $139 to $125 following its results, and the decline continued in the weeks after, sending the stock down to around $102. That history has some investors bracing for another bout of volatility once the latest numbers are out.
On Wall Street, sentiment remains mostly positive. Needham recently reiterated a “buy” rating with a $135 price target. Cantor Fitzgerald has a “strong buy” rating, while Piper Sandler rates the stock “overweight.”
What the Charts Are Saying
From a technical perspective, Robinhood’s stock still looks under pressure. The price has fallen from a high of $154 in October to around $82 recently. Shares remain below key technical levels, including the 50% Fibonacci retracement and the Supertrend indicator. The gap between the 50-day and 200-day exponential moving averages has also been narrowing, a setup that can precede a so-called “death cross” — often viewed as a bearish signal.
If selling pressure returns, traders are watching the $71.40 level, which marks the stock’s low for the year so far. A break below that could open the door to further downside, with some pointing to the 78.6% Fibonacci retracement near $60 as a potential next support zone.
With earnings just around the corner, HOOD investors should be ready for another sharp move — in either direction.
Also Read: Strategy Buys 1,142 BTC as Analysts Stay Bullish on MSTR
CZ Criticizes Etherscan Over Address Poisoning Spam