Can Robinhood Markets (HOOD) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Investors are encouraged to consider Robinhood Markets, Inc. (HOOD) due to improving earnings estimates and positive stock momentum [1][9] Earnings Estimates - Analysts have shown growing optimism regarding Robinhood's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2] - The current quarter's earnings estimate is $0.30 per share, reflecting a 42.9% increase from the previous year [5] - For the full year, the earnings estimate stands at $1.29 per share, indicating an 18.4% increase from the prior year [6] Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for Robinhood has risen by 7.41%, with two estimates increasing and one decreasing [5] - For the current year, four estimates have been revised upward, contributing to a 5.01% increase in the consensus estimate [6][7] Zacks Rank - Robinhood currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on the positive earnings revisions [8] - Stocks with a Zacks Rank 1 and 2 have historically outperformed the S&P 500 [8] Stock Performance - The stock has experienced a 32.8% gain over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9]