Will Robinhood (HOOD) Stock Be Buyed Ahead of Earnings Tuesday?

TLDR

• Robinhood reported first-quarter 2026 earnings on April 28 after the market closed
• Options traders are pricing in a move of approximately 10% in either direction after earnings
• Wall Street expects first-quarter revenue to be $1.14 billion, an increase of approximately 21.5% year over year.
• Cryptocurrency revenue is expected to decline sharply, while stock and options trading is expected to hold up
• HOOD carries a Strong Buy consensus with an average price target of $106, implying an upside of ~25%

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Robinhood (HOOD) is scheduled to publish first-quarter 2026 results on Tuesday, April 28, after the closing bell. The stock is down 25% year to date but is up more than 70% over the past 12 months.

Robinhood Markets Inc., HUD

Options traders don’t mess around. They are pricing in a move of about 10.06% in either direction following the report. This is significantly higher than HOOD’s average post-earnings swing of 6.91% over the past four quarters.

Wall Street is looking for first-quarter EPS of $0.39, up from $0.37 a year ago. Revenue is expected to reach $1.14 billion, representing approximately 21.5% year-over-year growth.

This is a step below 50% revenue growth. Robinhood It was published in the first quarter of 2025. But the standard has naturally risen.

Last quarter, Robinhood reported revenue of $1.28 billion, up 26.5% year over year. Despite this growth rate, it beat analysts’ revenue and EBITDA estimates, which set a cautious tone prior to this report.

Analyst estimates for the first quarter have also seen mostly downward revisions over the past 30 days. Robinhood has missed Wall Street’s revenue estimates several times in the past two years, so analysts are cautious.

Crypto weakness vs trading strength

The main battleground in the first quarter will be cryptocurrencies. Digital asset trading slowed sharply in early 2026, and cryptocurrency transaction revenues are expected to show a sharp decline year-on-year.

The question is whether strong stock and options trading activity can cover this gap. Robinhood had strong momentum there in 2025 during periods of market volatility, and analysts expect that to continue into the first quarter.

Monthly active users (MAUs) are another number to keep an eye on. It is expected to come in slightly higher than levels in the fourth quarter of 2025 but still lower than a year ago.

Net interest income is expected to remain a strong contributor to overall revenues, providing some protection against a cryptocurrency slowdown.

What analysts say

Ramzi Al-Assal from Cantor Fitzgerald raised his price target Capture to $110 from $95, maintaining a Buy rating. He said first-quarter estimates appear achievable and that concerns about an economic slowdown may be overstated based on recent bank earnings and consumer spending data.

Al-Assal pointed to future trends and developments in the Middle East as potential catalysts for the stock in the future.

Piper Sandler’s Patrick Moley also reiterated a buy rating, saying he expects retail trading activity to continue better than feared in 2026 and that Robinhood should outperform its fintech peers through the rest of the year.

Across the board, TipRanks shows a strong Buy consensus on HOOD, based on 14 Buy ratings and 3 Holds over the past 3 months. The average price target sits at $106, which implies an upside of ~25% from current levels around $84.77.

Robinhood’s consumer internet peers had a mixed earnings season. Netflix posted revenue growth of 16.2% and beat estimates, while Coursera had 9.1% growth and met expectations. Both stocks fell after the report.

HOOD is up 30.1% over the past month, outpacing the broader consumer internet sector’s average gain of 16.7%.